All Employees: Professional and Business Services in Arizona
AZPBSVN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
452.10
Year-over-Year Change
-0.81%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Professional and Business Services in Arizona' series measures the total number of employees in the professional and business services industry in the state of Arizona. This data provides insight into the strength and growth of this key economic 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 professional and business services industry encompasses a wide range of occupations, including legal services, accounting, architecture, engineering, computer systems design, and management consulting. This employment data offers a valuable indicator of economic activity and business confidence in Arizona.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health and trajectory of Arizona's service-providing economy.
Key Facts
- Arizona's professional and business services industry employs over 450,000 workers.
- This sector accounts for nearly 15% of total nonfarm employment in the state.
- Employment in professional services has grown by over 20% in Arizona since 2010.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of employees in the professional and business services industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insight into the strength and growth of a key service-providing sector in Arizona's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and trajectory of Arizona's service-providing economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
Related Trends
Housing Inventory: New Listing Count Month-Over-Month in Arizona
NEWLISCOUMMAZ
Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Arizona
AZTRANSUTILRGSP
Average Weekly Hours of Production Employees: Wholesale Trade in Arizona
SMU04000004100000007
Construction Earnings in Arizona
AZECON
Projected Business Formations Within Eight Quarters: Total for All NAICS in Arizona
BFPBF8QTOTALNSAAZ
All Employees: Construction: Specialty Trade Contractors in Arizona
SMU04000002023800001SA
Citation
U.S. Federal Reserve, All Employees: Professional and Business Services in Arizona (AZPBSVN), retrieved from FRED.