All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in South Carolina
SMU45000006056000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159.90
Year-over-Year Change
6.32%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the professional and business services sector, specifically in administrative and support and waste management and remediation services, for the state of South Carolina. It provides insight into the health and dynamics of this important economic segment.
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: Administrative and Support and Waste Management and Remediation Services in South Carolina data series tracks employment levels in a critical service-providing industry that supports various businesses and organizations. This indicator is used by economists and policymakers to assess the state's economic activity and labor market conditions.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the state's economic performance and can inform policy decisions and business strategies.
Key Facts
- South Carolina has a large professional and business services sector.
- Administrative and support services are a significant component of this industry.
- Employment in this sector can signal broader economic trends in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the professional and business services sector, specifically in administrative and support and waste management and remediation services, for the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the health and dynamics of an important service-providing industry that supports various businesses and organizations, making it relevant for economists and policymakers assessing the state's economic activity and labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the state's economic performance and can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and potential revisions of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in South Carolina (SMU45000006056000001), retrieved from FRED.