All Employees: Professional and Business Services: Employment Services in Washington
SMU53000006056130001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.70
Year-over-Year Change
1.60%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the professional and business services industry, specifically the employment services sector, in the Washington metropolitan area. It provides important insights into the local labor market and overall economic conditions.
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: Employment Services in Washington metric tracks the number of people employed in the employment services industry within the Washington, D.C. metro region. This data is used by economists and policymakers to analyze trends in the local labor market and assess the strength of the professional services sector.
Methodology
The data is collected through a survey of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by regional economic development agencies, labor market analysts, and policymakers to inform decisions and policies related to the local job market.
Key Facts
- Washington, D.C. is a major hub for professional and business services.
- Employment services is a key component of the region's labor market.
- This trend can signal changes in the local economy and job opportunities.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the employment services industry, which includes temporary help services, professional employer organizations, and other personnel supply services, within the Washington, D.C. metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and dynamics of the professional services sector in the Washington region, which is a key driver of the local economy. It is closely watched by economists, policymakers, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used by regional economic development agencies, workforce planners, and policymakers to monitor the health of the local labor market and inform decisions related to economic development, job training, and other policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months. There may be revisions to previous months' data as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Employment Services in Washington (SMU53000006056130001), retrieved from FRED.