All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Delaware
SMS10000006054000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.90
Year-over-Year Change
1.40%
Date Range
1/1/1992 - 6/1/2025
Summary
This economic trend measures the total number of employees in the professional, scientific, and technical services industry in the state of Delaware. It provides insight into the health and growth of this key sector 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: Professional, Scientific, and Technical Services in Delaware data series tracks monthly employment levels in this high-skilled industry, which includes activities such as legal services, accounting, architecture, and scientific research. This metric is closely watched by economists and policymakers to gauge the strength of Delaware's knowledge-based economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in professional and technical services employment are used to inform economic and workforce development policies in Delaware.
Key Facts
- Delaware has a large concentration of professional and technical services firms.
- Employment in this sector has grown faster than the overall state economy.
- The industry includes high-wage jobs in fields like law, accounting, and engineering.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of employees in the professional, scientific, and technical services industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: The professional and technical services sector is a key part of Delaware's knowledge-based economy, so this metric provides important insights into the state's economic health and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in professional and technical services employment are used to inform economic and workforce development policies in Delaware.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, so it may not reflect the most current employment situation.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Delaware (SMS10000006054000001), retrieved from FRED.