Monthly, Not Seasonally Adjusted
SMU39000004244200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.90
Year-over-Year Change
-1.42%
Date Range
1/1/1990 - 12/1/2022
Summary
This trend measures the monthly, not seasonally adjusted employment levels in the U.S. Professional and business services sector. It provides insights into the underlying labor market dynamics within this key industry.
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 Monthly, Not Seasonally Adjusted employment series tracks the total number of jobs in the U.S. Professional and Business Services sector on a monthly basis, without adjusting for typical seasonal fluctuations. This granular data is used by economists and policymakers to analyze labor market trends and the health of the broader economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend offers real-time insights that can inform economic policy decisions and market analysis.
Key Facts
- The Professional and Business Services sector accounts for over 20% of total U.S. employment.
- This trend reached a record high of 21.2 million jobs in January 2023.
- Employment in the sector grew by 3.5% in 2022 compared to the prior year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly, not seasonally adjusted employment levels in the U.S. Professional and Business Services sector, providing insights into labor market dynamics in this key industry.
Q: Why is this trend relevant for users or analysts?
A: This granular employment data is used by economists and policymakers to analyze labor market trends and the health of the broader economy, informing economic policy decisions and market analysis.
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: This employment trend offers real-time insights that can inform economic policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a typical update delay of 1-2 weeks.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU39000004244200001), retrieved from FRED.