All Employees: Professional and Business Services: Architectural, Engineering, and Related Services in Washington
SMU53000006054130001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.08
Year-over-Year Change
2.71%
Date Range
1/1/1990 - 7/1/2025
Summary
This trend measures the number of employees in the architectural, engineering, and related services industry in Washington. It provides insights into the state's professional and business 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: Professional and Business Services: Architectural, Engineering, and Related Services in Washington series tracks the employment level in this specialized industry, which is an important component of the state's economy. The data is used by economists and policymakers to analyze labor market trends and economic conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the health of Washington's professional services industries and informing economic policies.
Key Facts
- Washington's architectural and engineering services employ over 100,000 workers.
- This industry has seen steady job growth in recent years.
- The sector is a key driver of the state's professional services economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the architectural, engineering, and related services industry in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and growth of an important professional services sector in Washington, which is valuable for economists and policymakers analyzing the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend informs economic policies and decisions related to the professional services industry in Washington, such as workforce development, infrastructure investment, and business support programs.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Architectural, Engineering, and Related Services in Washington (SMU53000006054130001SA), retrieved from FRED.