Monthly, Seasonally Adjusted
SMU72000001523800001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.50
Year-over-Year Change
-12.37%
Date Range
1/1/2003 - 12/1/2015
Summary
The Monthly, Seasonally Adjusted series measures the employment level in the Professional and Business Services industry in California. This metric is a key indicator of economic health and labor market trends in the state.
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 Monthly, Seasonally Adjusted employment series tracks the total number of people employed in the Professional and Business Services sector in California on a monthly basis. This data is seasonally adjusted to account for typical fluctuations throughout the year, providing a more accurate picture of underlying trends.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is used by economists, policymakers, and businesses to assess the strength of California's economy and labor market.
Key Facts
- California's Professional and Business Services sector employs over 3 million people.
- This industry accounts for nearly 20% of total employment in the state.
- Employment in this sector has grown by over 25% in the past decade.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted series tracks the total number of people employed in the Professional and Business Services industry in California on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is a key indicator of economic health and labor market trends in California, providing insights for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment series is used by economists and policymakers to assess the strength of California's economy and labor market, informing economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of several weeks from the end of the reference month.
Related Trends
Unemployed Persons in Puerto Rico
LASST720000000000004
All Employees: Manufacturing: Durable Goods: Computer and Electronic Product Manufacturing in Puerto Rico
SMU72000003133400001SA
Unemployment Rate in Puerto Rico
PRUR
Average Weekly Earnings of Production Employees: Manufacturing in Puerto Rico
SMU72000003000000030
All Employees: Government in Puerto Rico
SMU72000009000000001A
Net migration for Puerto Rico
SMPOPNETMPRI
Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU72000001523800001SA), retrieved from FRED.