All Employees: Computer Systems Design and Related Services in New Jersey
This dataset tracks all employees: computer systems design and related services in new jersey over time.
Latest Value
77.40
Year-over-Year Change
14.67%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the computer systems design and related services industry in New Jersey. It provides important insights into the state's technology and 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 All Employees: Computer Systems Design and Related Services in New Jersey metric tracks the employment levels in this high-skill, high-wage industry that is crucial for economic growth and innovation. Policymakers and analysts use this data to understand workforce dynamics and competitiveness in New Jersey's tech-driven economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for assessing the health of New Jersey's technology and professional services industries, which are important drivers of the state's economic performance.
Key Facts
- New Jersey has the 3rd highest concentration of computer systems design jobs in the U.S.
- This industry pays 88% higher average wages than the overall private sector in New Jersey.
- Computer systems design employment in New Jersey has grown by over 25% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the computer systems design and related services industry in the state of New Jersey.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and competitiveness of New Jersey's tech-driven economy, which is a key driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this employment data to assess workforce dynamics and the competitiveness of New Jersey's technology and professional services industries.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month release lag.
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Citation
U.S. Federal Reserve, All Employees: Computer Systems Design and Related Services in New Jersey (SMU34000006054150001A), retrieved from FRED.