All Employees: Professional, Scientific, and Technical Services in North Carolina
SMU37000006054000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
333.40
Year-over-Year Change
70.54%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the professional, scientific, and technical services industry in North Carolina. It provides insights into the health and growth of this vital sector of the state's economy.
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, Scientific, and Technical Services in North Carolina metric tracks the total employment in companies that provide specialized services, such as legal, accounting, architecture, engineering, and scientific research. This data helps analysts and policymakers understand the strength and dynamics of North Carolina's knowledge-based industries.
Methodology
The U.S. Bureau of Labor Statistics collects this data through surveys of business establishments in North Carolina.
Historical Context
This trend is closely monitored by economists, investors, and state officials to assess North Carolina's economic competitiveness and business climate.
Key Facts
- North Carolina is home to over 300,000 professional, scientific, and technical services employees.
- This industry accounts for nearly 7% of the state's total non-farm employment.
- Employment in this sector has grown by over 20% in the past decade.
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 North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and growth of a vital sector of North Carolina's economy, helping analysts and policymakers assess the state's economic competitiveness and business climate.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through surveys of business establishments in North Carolina.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, investors, and state officials to understand the strength and dynamics of North Carolina's knowledge-based industries.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis with a short delay, providing timely insights into the professional services sector in North Carolina.
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Citation
U.S. Federal Reserve, All Employees: Professional, Scientific, and Technical Services in North Carolina (SMU37000006054000001A), retrieved from FRED.