Gross Annual Payroll for Computer Systems Design and Related Services, All Establishments, Employer Firms
This dataset tracks gross annual payroll for computer systems design and related services, all establishments, employer firms over time.
Latest Value
260735.00
Year-over-Year Change
104.63%
Date Range
1/1/2012 - 1/1/2022
Summary
This economic trend measures the gross annual payroll for the computer systems design and related services industry, providing insight into the scale and compensation levels of this critical 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 Gross Annual Payroll for Computer Systems Design and Related Services, All Establishments, Employer Firms metric tracks the total payroll across all establishments in this industry, offering a high-level view of economic activity and labor market dynamics.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to assess the health and growth of the technology services sector.
Key Facts
- The computer systems design and related services industry is a major driver of the U.S. economy.
- Payroll data reflects the scale and compensation levels in this high-skilled, high-wage sector.
- The trend has shown steady growth over the past decade, mirroring the rise of the tech industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total gross annual payroll for all establishments in the computer systems design and related services industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and health of a key technology services sector, making it important for policymakers, industry analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the growth and competitiveness of the technology services industry, which has broad implications for the overall economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the Census Bureau, with a typical lag of several months between the reference period and publication.
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Citation
U.S. Federal Reserve, Gross Annual Payroll for Computer Systems Design and Related Services, All Establishments, Employer Firms (EXPGAPEF5415ALLEST), retrieved from FRED.