All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Alabama
SMS01000006054000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.30
Year-over-Year Change
3.25%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of people employed in the professional, scientific, and technical services industry in Alabama. It provides insights into the strength and growth of this key sector within the state's 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 All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Alabama metric tracks the employment levels in industries such as legal services, accounting, architecture, engineering, computer systems design, and scientific research and development. This data is used by economists and policymakers to analyze the state's economic performance and competitiveness.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the health of Alabama's knowledge-based economy and informing economic development strategies.
Key Facts
- Alabama's professional, scientific, and technical services sector employs over 100,000 workers.
- This industry has seen steady growth in Alabama over the past decade.
- The professional services sector accounts for a significant share of the state's economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the professional, scientific, and technical services industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the strength and growth of a key knowledge-based sector within Alabama's economy, which is important for understanding the state's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economic development officials in Alabama who are interested in understanding and supporting the state's knowledge-based industries.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a short delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Alabama (SMS01000006054000001), retrieved from FRED.