All Employees: Professional and Business Services: Management of Companies and Enterprises in Pennsylvania
SMS42000006055000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.10
Year-over-Year Change
0.34%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend tracks the total number of employees in the management of companies and enterprises industry in Pennsylvania. It serves as an important indicator of business activity and confidence in the state's professional and business services sector.
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 Pennsylvania series measures the total number of persons on establishment payrolls in this industry within the state. This metric provides insights into the strength and growth of the management consulting, corporate, and enterprise management subsectors of Pennsylvania's economy.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to assess the health and trajectory of Pennsylvania's professional services industry and broader business climate.
Key Facts
- Pennsylvania has over 300,000 professional and business service employees.
- The management of companies and enterprises subsector accounts for over 10% of the state's professional services jobs.
- Employment in this industry has grown by 20% in Pennsylvania over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons employed in the management of companies and enterprises industry within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength and growth of the management consulting, corporate, and enterprise management subsectors of Pennsylvania's economy, which are important indicators of business activity and confidence in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the health and trajectory of Pennsylvania's professional services industry and broader business climate.
Q: Are there update delays or limitations?
A: The data is published with a typical one-month lag by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Management of Companies and Enterprises in Pennsylvania (SMS42000006055000001), retrieved from FRED.