All Employees: Professional and Business Services: Administrative and Support Services in Washington
SMU53000006056100001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167.50
Year-over-Year Change
1.45%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the administrative and support services industry in Washington. It provides insights into the labor market and economic activity within 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: Administrative and Support Services in Washington metric tracks the employment levels in establishments that provide a variety of day-to-day administrative and operational support activities for the operations of other organizations.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists and policymakers to assess the health and dynamics of the professional services industry in Washington.
Key Facts
- Washington's administrative and support services industry employs over 250,000 workers.
- This sector has seen steady job growth over the past decade.
- Administrative and support services account for nearly 10% of total employment in Washington.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the administrative and support services industry in Washington, which includes establishments that provide day-to-day operational support for other organizations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and dynamics of the professional services sector in Washington, 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 of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the strength of the professional services industry and inform decisions related to economic development, workforce planning, and regulatory policies in Washington.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Administrative and Support Services in Washington (SMU53000006056100001), retrieved from FRED.