All Employees: Professional and Business Services: Employment Services in Arizona
SMU04000006056130001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.40
Year-over-Year Change
0.10%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Professional and Business Services: Employment Services in Arizona' trend measures the number of people employed in the employment services industry in Arizona. This metric provides insight into the state's labor market and economic conditions.
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
This series tracks the total number of employees in the employment services industry, which includes temporary help services, professional employer organizations, and other employment-related businesses in the state of Arizona. It is a key indicator of economic activity and demand for workforce services.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the strength of Arizona's labor market and make informed decisions about economic and employment policies.
Key Facts
- Arizona's employment services industry employs over 50,000 people.
- Employment in this sector has grown by 15% over the past 5 years.
- The employment services industry accounts for nearly 2% of Arizona's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the employment services industry in the state of Arizona, including temporary help services, professional employer organizations, and other employment-related businesses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of Arizona's labor market and overall economic conditions, as the employment services industry is a key indicator of workforce demand and business activity.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state of Arizona's labor market and make informed decisions about economic and employment policies, such as workforce development initiatives and business incentives.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Employment Services in Arizona (SMU04000006056130001), retrieved from FRED.