MarketXLS

All Employees, Service-Providing 137M for 

All Employees, Service-Providing came in at 137M for Jul 2026, down 0.03% from 137M the prior month and 0.18% above its level of 137M one year ago. The series has averaged 73M since 1939, reaching a record high of 137M in June 2026 and a record low of 18.8M in January 1939.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

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Cite this data: "All Employees, Service-Providing," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/service-providing-employment

Historical Data

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⋮
July 1, 2026137M
June 1, 2026137M
May 1, 2026137M
April 1, 2026137M
March 1, 2026137M
February 1, 2026137M
January 1, 2026137M
December 1, 2025137M
November 1, 2025137M
October 1, 2025137M
September 1, 2025137M
August 1, 2025137M
July 1, 2025137M
June 1, 2025137M
May 1, 2025137M
April 1, 2025137M
March 1, 2025137M
February 1, 2025137M
January 1, 2025137M
December 1, 2024137M
⋮
⋮
October 1, 198267M
September 1, 198267M
August 1, 198267.1M
July 1, 198267.1M
June 1, 198267.2M
May 1, 198267.2M
April 1, 198267.2M
March 1, 198267.2M
February 1, 198267.2M
January 1, 198267.2M
December 1, 198167.2M
November 1, 198167.3M
October 1, 198167.3M
September 1, 198167.3M
August 1, 198167.3M
July 1, 198167.3M
June 1, 198167.2M
May 1, 198167.1M
April 1, 198167.1M
March 1, 198167M

About All Employees, Service-Providing

What it measures

All Employees: Service-Providing (FRED series SRVPRD) counts payroll employment in service industries, including trade, transportation, healthcare, education, professional and business services, leisure and hospitality, finance, information, and government. The Bureau of Labor Statistics publishes it monthly from the establishment survey. Services account for the large majority of US jobs.

Why it matters

Because services dominate US employment, this series effectively determines the direction of total job growth. It is less cyclical than goods-producing employment but far larger, so even modest percentage changes move the national totals. Healthcare and education provide a stabilizing base, while leisure and professional services carry the cyclical signal.

How to read it

Steady service-sector hiring can keep total payrolls growing even during manufacturing recessions, which is why some slowdowns never become broad downturns. Watch the cyclical subsectors: weakening temporary-help and leisure employment often precedes wider softening, while healthcare hiring persists through most cycles. When service employment itself contracts, the downturn is nearly always economy-wide.

Get All Employees, Service-Providing in Excel

Pull All Employees, Service-Providing directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=EmployeesServiceProviding()

View the Employees - Service Providing formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current All Employees, Service-Providing?

All Employees, Service-Providing is 137M as of July 2026.

What is the all-time high and low of All Employees, Service-Providing?

The highest value on record is 137M (June 2026) and the lowest is 18.8M (January 1939).

How often is All Employees, Service-Providing updated?

All Employees, Service-Providing is published on a monthly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get All Employees, Service-Providing in Excel?

Use the MarketXLS Excel formula =EmployeesServiceProviding() to pull All Employees, Service-Providing directly into any cell, with historical values available for analysis.

Basic info
Persons employed in the services producing sector in the economy.
RegionUnited States
FrequencyMonthly
Last updatedAugust 7, 2026
Seasonal adjustmentSeasonally Adjusted
UnitThousands of Persons

Stats
Last Value137M
Latest PeriodJul 2026
Last UpdatedAugust 7 2026, 08:31
Value Previous Month137M
Change From Previous Month-0.03%
Value 1 Year Ago137M
Change From Year Ago0.18%
Average Growth Rate2.30%/yr
Record High (Jun 2026)137M
Record Low (Jan 1939)18.8M
Long-Term Average73M
FrequencyMonthly
AdjustmentSeasonally Adjusted
UnitThousands of Persons

Annual Averages
2026137M
2025137M
2024136M
2023134M
2022131M
2021126M
2020122M
2019130M
2018128M
2017127M
2016125M
2015122M

Related Indicators
Nonfarm Payrolls
All Employees, Total Private
All Employees, Goods-Producing
All Employees, Government
Unemployment Rate
Initial Jobless Claims
Average Weeks Unemployed
Job Openings: Total Nonfarm
Hires: Total Nonfarm
Total Separations: Total Nonfarm
Quits: Total Nonfarm
Layoffs and Discharges: Total Nonfarm
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