All Employees: Professional, Scientific, and Technical Services in Indiana
SMU18000006054000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.80
Year-over-Year Change
48.35%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Professional, Scientific, and Technical Services in Indiana' trend measures employment in a key sector of the state's economy. This metric is important for economists and policymakers to understand workforce dynamics and business activity.
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 people employed in professional, scientific, and technical services industries across Indiana. These knowledge-based occupations play a crucial role in driving innovation, productivity, and economic growth for the state.
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, talent attraction, and industry-specific policies.
Key Facts
- Indiana has over 280,000 people employed in professional, scientific, and technical services.
- This sector accounts for 9% of total nonfarm employment in the state.
- Employment in this industry has grown by 12% in Indiana over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in professional, scientific, and technical services industries across the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: Tracking employment in this key sector provides insight into the strength of Indiana's knowledge-based economy and can inform economic development strategies.
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 talent attraction, industry-specific policies, and overall economic development in Indiana.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical one-month lag between the reference period and public release.
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Citation
U.S. Federal Reserve, All Employees: Professional, Scientific, and Technical Services in Indiana (SMU18000006054000001A), retrieved from FRED.