All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Delaware
SMU10000006054000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.60
Year-over-Year Change
1.06%
Date Range
1/1/1992 - 6/1/2025
Summary
This economic trend measures the total number of employees in the professional, scientific, and technical services industry in Delaware. This metric is important for economists and policymakers to understand the state's business services sector and labor market 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
The All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Delaware data series tracks the total number of people employed in the professional, scientific, and technical services industry within the state. This industry includes firms that provide specialized expertise in areas like accounting, legal services, engineering, and consulting.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend provides insight into the strength and growth of Delaware's knowledge-based economy and is used by policymakers and analysts to inform economic development strategies.
Key Facts
- Delaware's professional services industry employs over 44,000 workers.
- Employment in this sector has grown by 17% over the past decade.
- Professional, scientific, and technical services account for over 10% of Delaware's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of employees working in the professional, scientific, and technical services industry within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides important insights into the strength and growth of Delaware's knowledge-based economy, which is crucial for economic development planning and analysis.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this professional services employment data to inform strategies for supporting Delaware's high-skilled, knowledge-based industries.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag and may be subject to revision as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Delaware (SMU10000006054000001), retrieved from FRED.