All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Alabama
SMU01000006056000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.20
Year-over-Year Change
-2.92%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the professional and business services sector, specifically in administrative and support and waste management and remediation services, for the state of Alabama. It provides insights into the labor market and economic activity in this key 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 Alabama metric tracks the employment levels in this diverse sector, which includes activities such as office administration, facilities support, and waste collection and treatment. This data is a valuable indicator of the overall health and trends in Alabama's professional services industry.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and businesses to assess the state of Alabama's labor market and economic conditions.
Key Facts
- Alabama's professional and business services sector employs over 300,000 workers.
- Administrative and support services account for the largest share of employment in this industry.
- Employment in this sector has grown by 10% in Alabama over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the professional and business services sector, specifically in administrative and support and waste management and remediation services, for the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the labor market and economic activity in a key industry in Alabama, making it relevant for economists, policymakers, and businesses analyzing the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and businesses to assess the state of Alabama's labor market and economic conditions, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of the U.S. Bureau of Labor Statistics surveys.
Similar SMU Trends
Number of Member Commercial Banks in Alabama
X08CBMBTAL
Health Care and Social Assistance Wages and Salaries in Alabama
ALWHEA
Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Alabama
ALFININSQQGSP
Value of Exports to Jordan from Alabama
ALJORA052SCEN
Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Alabama
SMU01000003100000030A
Exports of Goods: Non-Manufactured Commodities for Alabama
EXPNONAL
Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Alabama (SMU01000006056000001), retrieved from FRED.