All Employees: Professional and Business Services in Montana
MTPBSV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.80
Year-over-Year Change
2.24%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Professional and Business Services in Montana' trend measures employment in the professional and business services sector in the state of Montana. This data is important for economists and policymakers to understand the strength of the Montana labor market.
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, from legal and accounting services to architecture, engineering, and management consulting. Tracking employment in this sector provides insight into the overall health and productivity of the Montana economy.
Methodology
This data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses use this data to inform economic and workforce development strategies in Montana.
Key Facts
- Montana has a population of approximately 1.1 million people.
- The professional and business services sector accounts for around 10% of total employment in Montana.
- Employment in this sector has grown by over 20% in Montana since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the professional and business services sector in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength and growth of the professional and business services industry in Montana, which is an important component of the state's overall economy.
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 businesses use this data to inform economic and workforce development strategies in Montana, as the professional and business services sector is a key driver of the state's economy.
Q: Are there update delays or limitations?
A: The data is typically published with a one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services in Montana (MTPBSV), retrieved from FRED.