All Employees: Professional and Business Services in Wisconsin
SMU55000006000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
330.60
Year-over-Year Change
12.22%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the professional and business services sector in Wisconsin. It provides insights into the state's labor market and service-based economic activity.
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 in Wisconsin metric tracks the total employment levels in industries such as legal services, accounting, management, and administrative support. This data point is used by economists and policymakers to analyze the health and growth of Wisconsin's service-oriented economy.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding Wisconsin's economic performance and informing policy decisions.
Key Facts
- Professional and business services account for over 15% of Wisconsin's total employment.
- This sector has seen steady growth in recent years, adding thousands of jobs.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the professional and business services sector in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and growth of Wisconsin's service-oriented economy, which is crucial for understanding the state's overall economic performance.
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: This employment trend is relevant for policymakers and economists analyzing Wisconsin's economic conditions and informing policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services in Wisconsin (SMU55000006000000001A), retrieved from FRED.