All Employees: Professional and Business Services: Employment Services in North Carolina
SMU37000006056130001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.97
Year-over-Year Change
4.13%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the professional and business services sector, specifically in the employment services industry in North Carolina. It 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
The All Employees: Professional and Business Services: Employment Services in North Carolina metric tracks the number of people employed in the employment services industry, which includes temporary help services, professional employer organizations, and other employment-related activities within the professional and business services sector in the state.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and businesses to assess the strength of the labor market and economic conditions in North Carolina.
Key Facts
- North Carolina's employment services industry accounts for over 4% of the state's total employment.
- Employment in this sector has grown by 15% over the past 5 years.
- The employment services industry is a leading indicator of broader economic trends in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the employment services industry, which includes temporary help services, professional employer organizations, and other employment-related activities within the professional and business services sector in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the strength of the labor market and economic conditions in North Carolina, as the employment services industry is a leading indicator of broader economic trends in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and businesses to assess the strength of the labor market and economic conditions in North Carolina, which informs policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short delay, providing timely information on the employment services industry in North Carolina.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Employment Services in North Carolina (SMU37000006056130001SA), retrieved from FRED.