All Employees: Professional and Business Services: Legal Services in Washington
SMU53000006054110001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.70
Year-over-Year Change
1.40%
Date Range
1/1/1990 - 7/1/2025
Summary
This trend measures the total number of employees in the legal services industry within the Washington, DC metropolitan area. It is an important indicator of the economic health and labor market conditions in the 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 Washington series tracks the total nonfarm employment levels in the legal services industry located in the Washington, DC metropolitan statistical area. This data provides insight into the strength and growth of the legal services workforce, which is a key component of the broader professional and business services sector.
Methodology
The data is collected through a monthly survey of businesses and organizations by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and industry analysts to assess economic conditions and labor market trends in the legal services and professional services industries.
Key Facts
- Washington, DC is a major hub for the legal services industry.
- Legal services employment accounts for a significant portion of the region's professional and business services sector.
- This trend provides insight into the economic health and labor market conditions of the legal industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the legal services industry within the Washington, DC metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and growth of the legal services workforce, which is a key component of the broader professional and business services sector in the Washington region.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses and organizations by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by policymakers, economists, and industry analysts to assess economic conditions and labor market trends in the legal services and professional services industries.
Q: Are there update delays or limitations?
A: There may be a short delay in the release of this data by the Bureau of Labor Statistics, but it is generally considered a reliable and timely indicator of employment in the legal services industry.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Legal Services in Washington (SMU53000006054110001), retrieved from FRED.