All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Utah
SMU49000006056000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.00
Year-over-Year Change
1.08%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the professional and business services sector, specifically in the administrative and support and waste management and remediation services industry in Utah. It provides insights into the labor market and economic activity in this important service 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: Administrative and Support and Waste Management and Remediation Services in Utah metric tracks the employment levels in a key component of the broader professional and business services industry. This data is used by economists and policymakers to assess the strength and trends in this service-providing sector, which is a significant driver of economic growth and productivity.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding labor market conditions and economic performance in Utah, and can inform policy decisions and business strategies.
Key Facts
- Utah's professional and business services sector employs over 280,000 workers.
- Administrative and support services account for nearly 60% of this industry in Utah.
- Employment in this sector has grown by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the professional and business services sector, specifically in the administrative and support and waste management and remediation services industry within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insights into the strength and trends of a key service-providing sector in Utah's economy, which is important for assessing economic performance and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is relevant for understanding labor market conditions and economic performance in Utah, and can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is subject to the regular update schedule and potential revisions by 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 Utah (SMU49000006056000001), retrieved from FRED.