All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Maine
SMU23000006054000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.60
Year-over-Year Change
-1.18%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of all employees in the professional, scientific, and technical services industry in Maine. It provides insight into the state's professional services sector and can inform economic policy and business decisions.
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 Maine metric tracks employment levels in a key component of Maine's service-based economy. This data is used by economists, policymakers, and businesses to analyze workforce trends and the state's competitive position.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this employment trend can help policymakers and businesses understand the health and growth potential of Maine's professional services industry.
Key Facts
- Maine's professional services sector accounts for over 10% of total state employment.
- Employment in this industry has grown by 8% in the past 5 years.
- Professional, scientific, and technical services are a key driver of Maine's service-based economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the professional, scientific, and technical services industry in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: Tracking employment in Maine's professional services sector provides insights into the health and growth potential of a key component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and businesses can use this employment data to inform decisions and policies related to Maine's professional services industry.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Maine (SMU23000006054000001), retrieved from FRED.