All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Alabama
SMS01000006056000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.40
Year-over-Year Change
-6.15%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the administrative and support services industry in Alabama, which is a key indicator of business activity and economic conditions in the state.
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: Administrative and Support and Waste Management and Remediation Services in Alabama metric tracks the number of individuals employed in administrative and support roles, such as office administration, facilities management, and waste disposal services. This provides insight into the health and performance of Alabama's professional and business services sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by policymakers, analysts, and businesses to assess Alabama's economic environment and guide decision-making.
Key Facts
- Alabama's administrative and support services employed over 200,000 workers as of the latest data.
- This industry accounts for approximately 10% of total nonfarm employment in the state.
- Employment in this sector has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the administrative and support services industry in Alabama, including roles such as office administration, facilities management, and waste disposal services.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides insight into the health and performance of Alabama's professional and business services sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by policymakers, analysts, and businesses to assess Alabama's economic environment and guide decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Alabama (SMS01000006056000001), retrieved from FRED.