All Employees: Professional and Business Services in Washington
WAPBSVN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
557.60
Year-over-Year Change
1.25%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Professional and Business Services in Washington' metric tracks employment levels in the professional and business services sector in the state of Washington. This data point is closely monitored by economists and policymakers to assess the health of the state's economy.
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 professional and business services sector encompasses a wide range of knowledge-intensive occupations, including legal services, accounting, management consulting, and computer systems design. Tracking employment trends in this sector provides insight into Washington's labor market and economic productivity.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by government officials, economists, and industry analysts to inform economic and workforce development policies in Washington.
Key Facts
- Washington's professional and business services sector accounts for over 15% of total state employment.
- Employment in this sector has grown by 20% in the past decade, outpacing overall state job growth.
- The average wage in Washington's professional and business services industry is 25% higher than the statewide average.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Professional and Business Services in Washington' metric tracks the number of people employed in the professional and business services sector in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of a critical component of Washington's economy, helping inform economic and workforce development policies.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Government officials, economists, and industry analysts use this metric to monitor the state's labor market and guide policies related to economic and workforce development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
Related Trends
90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Washington
PPCILBU18WA53000A156NCEN
Coefficient for Industrial Carbon Dioxide Emissions, LPG (Fuel Use) for Washington
EMISSCO2CHLICBWAA
Average Hourly Earnings of All Employees: Total Private in Washington
SMU53000000500000003
All Employees: Financial Activities: Insurance Carriers and Related Activities in Washington
SMU53000005552400001SA
All Employees: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Washington
SMU53000008081300001A
All Employees: Durable Goods: Transportation Equipment Manufacturing in Washington
SMU53000003133600001A
Citation
U.S. Federal Reserve, All Employees: Professional and Business Services in Washington (WAPBSVN), retrieved from FRED.