All Employees: Professional and Business Services: Employment Services in Arizona
SMU04000006056130001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.50
Year-over-Year Change
-0.84%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the professional and business services sector, specifically focused on employment services in the state of Arizona. It provides important insights into the strength and dynamics of the state's labor market and service 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: Employment Services in Arizona data series tracks the number of people employed in the employment services industry within the broader professional and business services sector in the state of Arizona. This metric is a key indicator of economic activity and labor market conditions in the state.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of business establishments.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to understand the health of Arizona's labor market and service industry.
Key Facts
- Arizona's employment services industry employs over 55,000 workers.
- Employment in this sector has grown by 7.2% in the past year.
- The employment services industry accounts for 12.4% of Arizona's professional and business services jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the employment services industry within the professional and business services sector in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and dynamics of Arizona's labor market and service industry, which is closely monitored by policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of business establishments.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to understand the health of Arizona's labor market and service industry, which informs economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Employment Services in Arizona (SMU04000006056130001SA), retrieved from FRED.