Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Estonia
Annual, Seasonally Adjusted
LREM55MAEEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.70
Year-over-Year Change
22.91%
Date Range
1/1/2000 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted employment level for the Professional and Business Services industry in the United States. It is a key indicator of the health and growth of the service sector 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 Annual, Seasonally Adjusted employment level for the Professional and Business Services industry provides insight into broader trends in the U.S. labor market and service-providing activities. It is used by economists, policymakers, and market analysts to assess the strength and trajectory of the professional services segment.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of establishments.
Historical Context
This employment trend is closely watched by the Federal Reserve and other institutions in evaluating the overall state of the economy and informing policy decisions.
Key Facts
- The Professional and Business Services industry accounts for over 20% of total US employment.
- Employment in this sector has grown steadily since the Great Recession, outpacing overall job growth.
- The seasonally adjusted data helps analysts identify underlying trends by removing the effects of regular seasonal patterns.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted employment level for the Professional and Business Services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides insight into the health and growth of the service sector economy, which is a key driver of overall U.S. economic activity.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of establishments.
Q: How is this trend used in economic policy?
A: This employment trend is closely watched by the Federal Reserve and other institutions in evaluating the overall state of the economy and informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
Related Trends
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Producer Prices Index: Economic Activities: Industrial Activities: Total for Estonia
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Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 55 to 64 Years for Estonia
LRAC55FEEEA156N
Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: National Currency: USD for Estonia
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Life Expectancy at Birth, Total for Estonia
SPDYNLE00INEST
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREM55MAEEA156S), retrieved from FRED.