All Employees: Professional and Business Services: Management of Companies and Enterprises in Arizona
SMS04000006055000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.20
Year-over-Year Change
4.25%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the management of companies and enterprises sector within the professional and business services industry in Arizona. It provides insight into a key component of 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: Management of Companies and Enterprises in Arizona metric tracks the number of people employed in the management of companies and enterprises subsector, which is part of the broader professional and business services industry in the state. This data point is used by economists and policymakers to gauge the health and trends within this important economic sector.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the broader professional services landscape and Arizona's economic performance.
Key Facts
- Arizona's professional and business services sector accounts for over 18% of total state employment.
- The management of companies and enterprises subsector represents about 12% of Arizona's professional services jobs.
- Employment in this sector has grown by over 20% in the past decade in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the management of companies and enterprises subsector within Arizona's professional and business services industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into a key component of Arizona's economy and can be used to assess the health and performance of the professional services sector in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is relevant for understanding the broader professional services landscape and Arizona's economic performance, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Management of Companies and Enterprises in Arizona (SMS04000006055000001), retrieved from FRED.