All Employees: Professional and Business Services in Delaware
DEPBSVN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.60
Year-over-Year Change
0.46%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the professional and business services sector in Delaware. It is an important indicator of economic activity and workforce 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 All Employees: Professional and Business Services in Delaware series tracks the monthly employment levels in this key industry sector, which includes a wide range of professional, scientific, and technical services. This data provides insights into the strength and growth of the state'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
Policymakers and analysts use this employment trend to assess the health and competitiveness of Delaware's professional services industry.
Key Facts
- Delaware's professional and business services sector employs over 100,000 workers.
- Employment in this sector has grown by 20% in the past decade.
- The industry accounts for nearly 20% of Delaware's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the professional and business services sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the strength and growth of Delaware's knowledge-based economy, which is a key driver of the state's overall economic performance.
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: Policymakers and analysts use this employment trend to assess the health and competitiveness of Delaware's professional services industry, which is an important sector for the state's economic growth and development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services in Delaware (DEPBSVN), retrieved from FRED.