All Employees: Professional and Business Services in Delaware
SMU10000006000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.90
Year-over-Year Change
15.48%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Professional and Business Services in Delaware' series measures the total number of employees in the professional and business services sector for the state of Delaware. This trend provides important insights into the health and growth of Delaware's service-based economy.
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 professional and business services sector includes a wide range of occupations such as legal services, accounting, engineering, management, and administrative support. This metric serves as a key economic indicator for policymakers and analysts tracking employment patterns and productivity in Delaware's service industries.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this employment trend helps inform decisions around economic development, workforce planning, and investments in Delaware's service-oriented businesses.
Key Facts
- Delaware's professional and business services sector employs over 100,000 workers.
- This industry accounts for nearly 20% of Delaware's total nonfarm employment.
- Employment in this sector has grown by over 15% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the professional and business services sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and growth of Delaware's service-based economy, which is a critical component of the state's overall economic performance.
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: Monitoring this employment trend helps inform decisions around economic development, workforce planning, and investments in Delaware's service-oriented businesses.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services in Delaware (SMU10000006000000001A), retrieved from FRED.