All Employees: Professional and Business Services: Services to Buildings and Dwellings in Arizona
SMU04000006056170001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.14
Year-over-Year Change
4.71%
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 the services to buildings and dwellings industry, within the state of Arizona. It provides insights into the labor market and economic activity in this key service sector.
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: Services to Buildings and Dwellings in Arizona trend tracks the monthly employment levels in this industry, which includes businesses that provide services such as cleaning, landscaping, and building maintenance. This data is used by economists and policymakers to analyze the health and trends of the state's service economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the economic conditions and labor market dynamics in Arizona's service sector, which is an important component of the state's overall economic performance.
Key Facts
- Arizona's services to buildings and dwellings industry employed over 80,000 workers as of the latest data.
- Employment in this sector has grown by 15% in the past 5 years, outpacing the overall state's job market.
- The services to buildings and dwellings industry accounts for approximately 4% of Arizona's total nonfarm employment.
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 the services to buildings and dwellings industry, within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market and economic activity in Arizona's service sector, which is an important component of the state's overall economic performance.
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: This trend is relevant for understanding the economic conditions and labor market dynamics in Arizona's service sector, which can inform policymakers and analysts about the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of about one month.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Services to Buildings and Dwellings in Arizona (SMU04000006056170001SA), retrieved from FRED.