Annual
SMU39000003133300007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.90
Year-over-Year Change
4.13%
Date Range
1/1/2001 - 1/1/2017
Summary
The Annual trend measures the total annual earnings of employees in the Professional and Business Services industry in California. This key economic indicator provides insights into the state's labor market and overall economic performance.
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 Annual trend represents the total annual compensation paid to workers in the Professional and Business Services sector in California. This metric is used by economists and policymakers to analyze trends in employment, income, and productivity within the state's service-providing industries.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is closely monitored by state and federal agencies to inform economic and workforce development policies.
Key Facts
- California's Professional and Business Services sector employs over 3 million workers.
- Annual earnings in this industry have increased by 25% over the past decade.
- The sector accounts for nearly 18% of California's total GDP.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total annual earnings of employees in the Professional and Business Services industry in California.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the state's labor market and overall economic performance, which is valuable for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by state and federal agencies to inform economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is published on a regular annual basis with minimal delays.
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Citation
U.S. Federal Reserve, Annual (SMU39000003133300007A), retrieved from FRED.