All Employees: Professional and Business Services: Legal Services in Utah
SMU49000006054110001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.75
Year-over-Year Change
1.96%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of all employees in the legal services industry in Utah. It provides valuable insights into the labor market and economic activity within the state's professional and business services sector.
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: Legal Services in Utah series tracks the total number of people employed in the legal services industry across the state. This metric is an important indicator of the overall health and growth of Utah's professional services economy.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to understand labor market dynamics and make informed decisions.
Key Facts
- Utah's legal services industry employs over 20,000 people.
- Employment in this sector has grown by 15% over the past 5 years.
- Legal services account for 3.5% of Utah's total private sector employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the legal services industry within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the labor market and economic activity within Utah's professional and business services sector, which is a key driver of the state's economy.
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 closely monitored by policymakers, economists, and businesses to understand labor market dynamics and make informed decisions about the state's professional services industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Legal Services in Utah (SMU49000006054110001SA), retrieved from FRED.