All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Washington
SMS53000006056000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
189.30
Year-over-Year Change
4.13%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend tracks employment in the administrative and support services and waste management and remediation services industries in Washington state. It provides insight into the labor market and economic activity within the 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: Administrative and Support and Waste Management and Remediation Services in Washington metric measures the total number of employees in these specific service-based industries across the state. It is a key indicator of economic health and productivity within the broader professional and business services industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used by policymakers, economists, and industry analysts to assess economic conditions and labor market trends.
Key Facts
- Washington's administrative and support services employ over 260,000 workers.
- Employment in this sector has grown by 15% over the past 5 years.
- The waste management and remediation services industry accounts for about 10% of total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures total employment in the administrative and support services and waste management and remediation services industries in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of the professional and business services sector, which is a key driver of economic growth and productivity.
Q: How is this data collected or calculated?
A: The data is collected through monthly 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 industry analysts use this employment data to assess economic conditions and labor market trends within the professional services industry.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month lag from the reference period.
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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 Washington (SMS53000006056000001), retrieved from FRED.