Production or Nonsupervisory Employees: Professional and Business Services in Nebraska
SMU31000006000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.50
Year-over-Year Change
16.92%
Date Range
1/1/2005 - 1/1/2024
Summary
The 'Production or Nonsupervisory Employees: Professional and Business Services in Nebraska' trend measures the number of non-managerial workers in the professional and business services sector in Nebraska. This data provides insights into the labor market and economic activity in the state.
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 number of production and non-supervisory employees in the professional and business services industry, which includes fields like legal services, accounting, and management consulting. It offers a window into the health and trends of Nebraska's services-based economy.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to gauge the strength of Nebraska's service sector and overall economic conditions.
Key Facts
- Nebraska's professional/business services sector employs over 160,000 workers.
- Employment in this sector has grown by 20% over the past decade.
- It accounts for nearly 15% of Nebraska's total non-farm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production and non-supervisory employees in Nebraska's professional and business services industry, providing insights into labor market conditions in this key sector.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding the health and trends of Nebraska's services-based economy, which is a major driver of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge the strength of Nebraska's service sector and overall economic conditions, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions based on updated business reporting.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Professional and Business Services in Nebraska (SMU31000006000000006A), retrieved from FRED.