All Employees: Architectural, Engineering, and Related Services in Washington
SMU53000006054130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.90
Year-over-Year Change
18.90%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the architectural, engineering, and related services industry in Washington. It is an important indicator of economic activity and labor market conditions in the professional services sector.
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: Architectural, Engineering, and Related Services in Washington metric tracks employment levels in a key part of the professional services industry. This data provides insights into the health and growth of the design, consulting, and technical services economy within the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by policymakers, economists, and industry analysts to gauge the strength of the professional services sector.
Key Facts
- Washington's architectural and engineering services employ over 100,000 workers.
- This industry accounts for over 3% of total state employment.
- Employment in this sector has grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the architectural, engineering, and related professional services industry in Washington state.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides important insights into the health and growth of a key segment of the professional services economy, which is a critical driver of broader economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this employment trend to gauge the strength of the professional services sector and make informed decisions about economic and workforce development policies.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Architectural, Engineering, and Related Services in Washington (SMU53000006054130001A), retrieved from FRED.