Annual, Not Seasonally Adjusted
SMU30000004245200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
-9.91%
Date Range
1/1/1990 - 1/1/2021
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the average annual earnings for all employees in the Professional and Business Services industry in the United States. This metric is a key indicator of economic activity and labor market trends within the professional services 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 annual average earnings for the Professional and Business Services industry provides insight into compensation levels and trends for a crucial sector of the U.S. economy. Economists and policymakers analyze this data to understand the financial health and growth prospects of professional service providers.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of establishments.
Historical Context
This metric is widely used by economists, analysts, and policymakers to assess the economic conditions and labor market dynamics in the professional services industry.
Key Facts
- The Professional and Business Services industry accounts for over 14% of U.S. private sector employment.
- Annual average earnings in this sector have grown by over 30% in the past decade.
- The industry includes a diverse range of occupations, from management consulting to computer systems design.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the average annual earnings for all employees in the Professional and Business Services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into compensation levels and trends within a crucial sector of the U.S. economy, which is widely used by economists and policymakers to assess economic conditions and labor market dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of establishments.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, analysts, and policymakers to assess the economic conditions and labor market dynamics in the professional services industry, which informs their decision-making and policy interventions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU30000004245200001A), retrieved from FRED.