All Employees: Architectural, Engineering, and Related Services in Utah
SMU49000006054130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.60
Year-over-Year Change
63.49%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the architectural, engineering, and related services industry in the state of Utah. It serves as an important indicator of economic activity and infrastructure investment in the region.
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: Architectural, Engineering, and Related Services in Utah data series measures the total number of workers employed in this key professional services sector. It provides insights into the scale and health of Utah's design, planning, and technical consulting industries, which are crucial to the state's infrastructure, construction, and economic development.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, urban planners, and industry analysts to assess Utah's economic growth and investment.
Key Facts
- Utah has one of the fastest-growing architectural and engineering sectors in the U.S.
- The industry accounts for over 40,000 jobs in the state as of 2022.
- Employment in this sector has increased by 20% in Utah over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the architectural, engineering, and related professional services industry in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This data provides key insights into the scale and growth of Utah's design, planning, and technical consulting sectors, which are vital to the state's infrastructure, construction, and economic development.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, urban planners, and industry analysts closely monitor this trend to assess Utah's economic growth, infrastructure investment, and overall business climate.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, All Employees: Architectural, Engineering, and Related Services in Utah (SMU49000006054130001A), retrieved from FRED.