All Employees: Professional and Business Services in Oregon
ORPBSV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
264.80
Year-over-Year Change
0.91%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Professional and Business Services in Oregon' data series tracks employment levels in Oregon's professional and business services sector. This key economic indicator provides insights into the health and growth of the state's knowledge-based 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 encompasses a diverse range of high-skilled occupations, including legal, accounting, architecture, engineering, computer systems design, management, and administrative services. This employment data is used by economists and policymakers to assess Oregon's economic performance and competitiveness.
Methodology
The data is collected through monthly surveys of Oregon businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in professional and business services employment are closely watched as a barometer of broader economic conditions and business investment in the state.
Key Facts
- Oregon's professional and business services sector employs over 300,000 workers.
- Employment in this sector has grown by 20% over the past decade.
- The average wage in professional and business services is over $70,000 per year.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Professional and Business Services in Oregon' data series tracks the total number of people employed in Oregon's professional and business services sector, which includes high-skilled occupations like legal, accounting, and engineering services.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides valuable insights into the health and growth of Oregon's knowledge-based economy. Trends in professional and business services serve as an important barometer of broader economic conditions and business investment in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Oregon businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor professional and business services employment to assess Oregon's economic performance and competitiveness. This data informs decisions around workforce development, business incentives, and other economic policies.
Q: Are there update delays or limitations?
A: The professional and business services employment data is released on a monthly basis with a typical 1-2 month lag from the reference period.
Related Trends
All Employees: Truck Transportation in Oregon
SMU41000004348400001A
Coefficient for Transportation Carbon Dioxide Emissions, Lubricants for Oregon
EMISSCO2CLUACBORA
All Employees: Leisure and Hospitality: Amusement, Gambling, and Recreation Industries in Oregon
SMU41000007071300001
Real Gross Domestic Product: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Oregon
ORPRFRMSPRTMSMRGSP
Nondurable Manufacturing Earnings in Oregon
ORENON
High-Propensity Business Applications: Total for All NAICS in Oregon
BAHBATOTALSAOR
Citation
U.S. Federal Reserve, All Employees: Professional and Business Services in Oregon (ORPBSV), retrieved from FRED.