All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Utah
SMS49000006054000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.30
Year-over-Year Change
0.53%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of all employees in the professional, scientific, and technical services industry in Utah. It provides insight into the state's professional services sector, an important component of the broader 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 Utah data series tracks the total number of people employed in this industry across the state. It is a key indicator of labor market conditions and economic activity in Utah's professional services industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, economists, and business analysts to assess the strength and growth of Utah's professional services industry.
Key Facts
- Utah's professional services industry accounts for over 10% of the state's total employment.
- Employment in this sector has grown by over 30% in the past decade.
- The professional, scientific, and technical services industry is one of the fastest-growing parts of Utah's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the professional, scientific, and technical services industry across the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the health and growth of Utah's professional services sector, which is a key driver of the state's broader economic performance.
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: Policymakers, economists, and business analysts closely monitor this trend to assess the strength and growth of Utah's professional services industry, which informs economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Utah (SMS49000006054000001), retrieved from FRED.