All Employees: Accounting, Tax Preparation, Bookkeeping, and Payroll Services in Washington
This dataset tracks all employees: accounting, tax preparation, bookkeeping, and payroll services in washington over time.
Latest Value
25.40
Year-over-Year Change
47.67%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the accounting, tax preparation, bookkeeping, and payroll services industry in Washington. It provides insight into the labor market and economic activity within this professional 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: Accounting, Tax Preparation, Bookkeeping, and Payroll Services in Washington metric tracks the total number of workers employed in these professional services across the state. It is a key indicator of the size and health of this industry, which plays a crucial role in compliance, financial reporting, and business operations.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is widely monitored by economists, financial analysts, and policymakers to assess economic conditions and guide decision-making.
Key Facts
- Washington's accounting and payroll services employ over 49,000 workers.
- This industry has seen steady job growth of 2-3% annually in recent years.
- The sector accounts for nearly 2% of total employment in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the accounting, tax preparation, bookkeeping, and payroll services industry across the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of a crucial professional services sector that supports business operations, financial reporting, and regulatory compliance.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, financial analysts, and policymakers monitor this employment trend to assess economic conditions and guide decision-making.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Accounting, Tax Preparation, Bookkeeping, and Payroll Services in Washington (SMU53000006054120001A), retrieved from FRED.