All Employees: Professional and Business Services: Management of Companies and Enterprises in Alabama
SMU01000006055000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.00
Year-over-Year Change
2.86%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the management of companies and enterprises industry in Alabama. It provides insight into the strength and growth of the professional and business services sector in the state.
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 Alabama series tracks the total number of jobs in the management consulting, corporate, subsidiary, and regional managing offices industry in the state. This metric is used by economists and policymakers to assess the health and dynamics of the professional services segment of Alabama's economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is monitored by government agencies and analysts to understand broader economic conditions and inform policy decisions.
Key Facts
- Alabama's management of companies and enterprises industry accounts for over 36,000 jobs.
- Employment in this sector has grown by 8% over the past 5 years.
- The management of companies industry makes up about 12% of Alabama's professional services workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the management of companies and enterprises industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and growth of the professional and business services sector in Alabama, which is an important driver of the state's economy.
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: Government agencies and analysts monitor this employment trend to understand broader economic conditions and inform policy decisions in Alabama.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Management of Companies and Enterprises in Alabama (SMU01000006055000001), retrieved from FRED.