All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Alabama
SMU01000006054000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.00
Year-over-Year Change
2.93%
Date Range
1/1/1990 - 7/1/2025
Summary
This trend measures the number of all employees in the professional, scientific, and technical services industry in Alabama. It provides insight into the state's professional services workforce and economic activity.
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 Alabama trend tracks the total number of workers in occupations such as legal services, accounting, architecture, engineering, and scientific research. It is a key indicator of the strength and growth of Alabama's knowledge-based economy.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, analysts, and businesses to understand Alabama's professional services sector and its contribution to the state's economic performance.
Key Facts
- Alabama's professional services industry employs over 160,000 workers.
- This sector accounts for nearly 10% of the state's total nonfarm employment.
- The professional services industry in Alabama has grown by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the professional, scientific, and technical services industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength and growth of Alabama's knowledge-based economy, which is a key driver of the state's overall economic performance.
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: Policymakers, analysts, and businesses closely monitor this trend to understand the state of Alabama's professional services sector and its contribution to the state's economic growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Alabama (SMU01000006054000001), retrieved from FRED.