Employees - Service Providing

Returns the number of employees in service-providing industries, which make up the majority of U.S. employment.

Data Source

Bureau of Labor Statistics (BLS) - Current Employment Statistics.

Usage Notes

  • No parameters required
  • Returns employment in thousands
  • Data updated monthly
  • Seasonally adjusted

Service-Providing Industries

Sector Examples
Trade, Transportation & Utilities Retail, warehousing, trucking
Information Tech, media, telecommunications
Financial Activities Banking, insurance, real estate
Professional & Business Consulting, legal, staffing
Education & Health Hospitals, schools, social services
Leisure & Hospitality Hotels, restaurants, entertainment
Other Services Personal services, repair

Employment Trends

Service-providing industries now account for approximately 85% of private sector employment, up from about 70% in 1970.

Examples

Service-providing employment (thousands)

When to Use

  • Analyzing service sector health
  • Tracking post-industrial economy trends
  • Consumer-facing industry analysis
  • Building labor market dashboards

When NOT to Use

Scenario Use Instead
Need goods-producing employment EmployeesGoodsProducing()
Need total nonfarm employment EmployeesNonfarm()
Need government employment EmployeesGovernment()
Need private sector only EmployeesPrivate()

Common Issues & FAQ

Q: What percentage of employment is services? A: Service-providing industries account for approximately 85% of private sector employment.

Q: Does this include government? A: This can include both private and public service-providing jobs depending on the series. Check if you need EmployeesPrivate() for private-only.

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MarketXLS Excel Add-in Tutorial - How to Use Employees - Service Providing and Other Financial Formulas
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