All Employees: Professional and Business Services in Delaware
DEPBSV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.80
Year-over-Year Change
-0.31%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Professional and Business Services in Delaware' trend measures the total employment in the professional and business services sector for the state of Delaware. This metric is a key indicator of economic activity and can inform policymakers and analysts about the strength of the state's service-oriented industries.
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 includes a wide range of occupations such as legal services, accounting, architecture, management, and administrative support. Tracking employment in this sector provides insights into the overall health and competitiveness of Delaware's knowledge-based economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is used by government agencies, economists, and market analysts to assess the state of Delaware's labor market and business environment.
Key Facts
- Delaware's professional and business services sector employs over 75,000 workers.
- This sector accounts for approximately 20% of total non-farm employment in Delaware.
- Employment in professional and business services has grown by 12% in Delaware over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Professional and Business Services in Delaware' trend measures the total number of people employed in the professional and business services sector within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and competitiveness of Delaware's knowledge-based economy, which is crucial for policymakers, businesses, and economists to monitor.
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: Government agencies, economists, and market analysts use this indicator to assess the state of Delaware's labor market and business environment, which can inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a one-month lag, and may be subject to revision as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services in Delaware (DEPBSV), retrieved from FRED.