All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in South Carolina
SMS45000006056000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
161.10
Year-over-Year Change
4.95%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend tracks employment in the administrative, support, waste management, and remediation services sectors in South Carolina. It provides insights into the state's professional and business services industry.
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 South Carolina metric measures the number of individuals employed in these service-based industries within the state. This data is used by economists and policymakers to analyze labor market trends and the overall health of the state's professional services sector.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for assessing the strength of South Carolina's service-oriented economy and guiding economic policies.
Key Facts
- South Carolina's administrative and support services employed over 280,000 workers as of 2022.
- This sector has grown by 12% in the past 5 years, outpacing overall state employment growth.
- Waste management and remediation services account for about 10% of the professional and business services workforce in South Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend tracks employment levels in administrative, support, waste management, and remediation services in South Carolina, which are key components of the state's professional and business services industry.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the strength and growth of South Carolina's service-oriented economy, which is important for policymakers, businesses, and economists analyzing labor market conditions and economic performance in the state.
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: This employment trend is used by economists and policymakers to assess the health of South Carolina's professional services sector and inform economic development strategies and workforce policies.
Q: Are there update delays or limitations?
A: The employment data is published monthly with a typical 1-2 month lag, so it provides timely insights but may not reflect the most recent economic conditions.
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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 South Carolina (SMS45000006056000001), retrieved from FRED.