All Employees: Business Support Services in New Jersey
This dataset tracks all employees: business support services in new jersey over time.
Latest Value
17.80
Year-over-Year Change
4.09%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the business support services industry in New Jersey. It provides insight into the state's service sector and supports analysis of regional economic conditions.
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: Business Support Services in New Jersey metric tracks the monthly employment levels for establishments providing a range of support services to businesses, such as office administration, hiring and placement, and document preparation.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator is used by economists, policymakers, and investors to monitor the health and growth of New Jersey's service economy.
Key Facts
- New Jersey has over 200,000 employees in business support services.
- The industry accounts for 5% of the state's total non-farm employment.
- Employment in this sector has grown by 10% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees in the business support services industry in New Jersey, including activities like office administration, hiring, and document preparation.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the health and growth of New Jersey's service sector, which is an important part of the state's overall economy.
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: Economists, policymakers, and investors use this indicator to monitor the performance of New Jersey's service economy and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag. There may be revisions to previous months' figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Business Support Services in New Jersey (SMU34000006056140001A), retrieved from FRED.