All Employees: Professional and Business Services: Employment Services in Utah
SMU49000006056130001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.99
Year-over-Year Change
6.04%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the employment in the professional and business services sector, specifically the employment services industry, within the state of Utah. It is an important indicator of the strength and growth of the Utah labor market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The All Employees: Professional and Business Services: Employment Services in Utah metric tracks the number of people employed in the employment services industry, which includes temporary help services, professional employer organizations, and other employment-related activities. This data provides insights into the demand for labor and the health of the Utah economy.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and households.
Historical Context
This employment trend is closely watched by policymakers, economists, and businesses to gauge the overall economic conditions and labor market dynamics in Utah.
Key Facts
- Utah's employment services industry employs over 50,000 people.
- Employment in this sector has grown by 20% over the past 5 years.
- The employment services industry accounts for nearly 4% of Utah's total non-farm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment levels in the professional and business services sector, specifically the employment services industry, within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and growth of the Utah labor market, which is a key indicator of the overall economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and households.
Q: How is this trend used in economic policy?
A: This employment trend is closely watched by policymakers, economists, and businesses to gauge the overall economic conditions and labor market dynamics in Utah, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
Related Trends
State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Utah
UTTOBACTAX
Coefficient for Transportation Carbon Dioxide Emissions, Distillate Fuel for Utah
EMISSCO2CDFACBUTA
Average Weekly Hours of All Employees: Private Service Providing in Utah
SMU49000000800000002A
All Employees: Professional and Business Services: Computer Systems Design and Related Services in Utah
SMU49000006054150001SA
Value of Exports to Canada from Utah
UTCANA052SCEN
Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Utah
UTWHOLEQQGSP
Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Employment Services in Utah (SMU49000006056130001SA), retrieved from FRED.