All Employees: Professional and Business Services: Employment Services in Washington
SMU53000006056130001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.54
Year-over-Year Change
1.67%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the professional and business services sector, specifically the employment services industry, for the Washington, DC metropolitan area. It provides insight into the local labor market and economic activity in the region.
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, DC series tracks the total number of people employed in the employment services industry, which includes temporary help services, professional employer organizations, and other employment-related businesses. This data is a key indicator of economic and labor market conditions in the Washington metropolitan area.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use this trend to assess the strength of the local labor market and make informed decisions.
Key Facts
- The Washington, DC metro area is a major hub for professional and business services.
- Employment services is a key component of the local economy.
- Trends in this sector can signal changes in the broader regional labor market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the employment services industry, including temporary help services and professional employer organizations, in the Washington, DC metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength of the local labor market and economic activity in the Washington, DC region, which is important for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses 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 health of the local labor market and make informed decisions about economic policy and investment in the Washington, DC metropolitan area.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as it is collected through surveys and subject to revisions.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Employment Services in Washington (SMU53000006056130001SA), retrieved from FRED.