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U.S. Bureau of Labor Statistics
Professional and Business Services
On This Page
- About the Professional and Business Services supersector
- BLS Data
- Workforce Statistics
- Earnings and Hours
- Fatalities, Injuries, and Illnesses
- Workplace Trends
About the Professional and Business Services supersector
The professional and business services supersector is part of the service-providing industries supersector group.
The professional and business services supersector consists of these sectors:
- Professional, Scientific, and Technical Services: NAICS 54
- Management of Companies and Enterprises: NAICS 55
- Administrative and Support and Waste Management and Remediation Services: NAICS 56
Workforce Statistics
This section provides information relating to employment and unemployment in professional and business services. While most data are obtained from employer or establishment surveys, information on industry unemployment comes from a national survey of households. The following tables present an overview of the industry including the number of jobs, the unemployment rate of those previously employed in the industry, job openings and labor turnover, union membership and representation, gross job gains and losses, and projections of occupational employment change.
Employment, Unemployment, and Openings, Hires, and Separations
| Data series | Back data |
Aug. 2022 |
Sep. 2022 |
Oct. 2022 |
Nov. 2022 |
|---|---|---|---|---|---|
|
Employment (in thousands) |
|||||
|
Employment, all employees (seasonally adjusted) |
|
22,402 | 22,427 | (p)22,453 | (p)22,459 |
|
Employment, production and nonsupervisory employees (seasonally adjusted) |
|
17,899 | 17,913 | (p)17,907 | (p)17,893 |
|
Unemployment |
|||||
|
Unemployment rate |
|
3.5% | 2.9% | 3.5% | 3.7% |
|
Job openings, hires, and separations (in thousands) |
|||||
|
Job openings |
|
1,814 | 1,995 | (p)1,867 | |
|
Hires |
|
1,176 | 1,084 | (p)1,160 | |
|
Separations |
|
1,164 | 1,049 | (p)1,026 | |
|
Footnotes |
|||||
(Source: Current Employment Statistics, Current Population Survey, Job Openings and Labor Turnover Survey)
Union Membership and Representation
| Data series | Back data |
2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
|
Union membership and representation |
|||||
|
Members of unions (percent of wage and salary workers) |
|
2.6% | 2.2% | 2.2% | 2.2% |
|
Represented by unions (percent of wage and salary workers) |
|
3.2% | 3.0% | 3.0% | 2.9% |
(Source: Current Population Survey)
Dynamic Changes in Employment
| Data series | Back data |
2nd quarter 2021 |
3rd quarter 2021 |
4th quarter 2021 |
1st quarter 2022 |
|---|---|---|---|---|---|
|
Dynamic changes in employment (in thousands) |
|||||
|
Gross job gains |
|
1,562 | 1,755 | 1,961 | 1,613 |
|
Gross job losses |
|
1,473 | 1,454 | 1,302 | 1,361 |
(Source: Business Employment Dynamics)
Projections
For projected (future) employment estimates in professional and business services, see the Employment and projected employment by major industry sector table.
(Source: Office of Occupational Statistics and Employment Projections)
Earnings and Hours
This section presents data on employee earnings and weekly hours. The latest industry averages of hourly earnings and weekly hours, as well as weekly earnings by union membership status, are shown. This section also contains information on recent rates of change in wages and total compensation.
Earnings and Hours of All Employees
| Data series | Back data |
Aug. 2022 |
Sep. 2022 |
Oct. 2022 |
Nov. 2022 |
|---|---|---|---|---|---|
|
Average hourly earnings |
|
$38.91 | $39.02 | (p)$39.25 | (p)$39.50 |
|
Average weekly hours |
|
36.6 | 36.8 | (p)36.7 | (p)36.5 |
|
Footnotes |
|||||
(Source: Current Employment Statistics)
Earnings and Hours of Production and Nonsupervisory Employees
| Data series | Back data |
Aug. 2022 |
Sep. 2022 |
Oct. 2022 |
Nov. 2022 |
|---|---|---|---|---|---|
|
Average hourly earnings |
|
$32.68 | $32.75 | (p)$32.94 | (p)$33.12 |
|
Average weekly hours |
|
36.3 | 36.4 | (p)36.4 | (p)36.3 |
|
Footnotes |
|||||
(Source: Current Employment Statistics)
Employee Benefits
This section presents data on the incidence (the percentage of workers with access to and participation in employer-provided benefit plans) and provisions of selected employee benefits from the National Compensation Survey. More Benefits estimates are also accessible from the Benefits database, the archived NCS publications page, and the complete Employee Benefits Excel dataset (XLSX).
| Data series | Access | Participation | ||
|---|---|---|---|---|
| Back data |
2022 | Back data |
2022 | |
|
Private industry |
||||
|
Retirement benefit plans |
|
68 |
|
56 |
|
Defined benefit plans |
|
13 |
|
8 |
|
Defined contribution plans |
|
66 |
|
54 |
(Source: Employee Benefits in the United States)
| Data series | After 1 year of service | After 20 years of service | ||
|---|---|---|---|---|
| Back data |
2021 | Back data |
2021 | |
|
Mean number of vacation days for private industry workers without consolidated leave plans |
|
10 |
|
18 |
(Source: Employee Benefits in the United States)
| Data series | Back data |
2022 |
|---|---|---|
|
Percent of private industry workers with access to employer-sponsored benefits |
||
|
Health care |
|
75 |
|
Paid vacation |
|
82 |
|
Paid sick leave |
|
81 |
(Source: Employee Benefits in the United States)
Employer Compensation Costs
| Data series | Back data |
4th quarter 2021 |
1st quarter 2022 |
2nd quarter 2022 |
3rd quarter 2022 |
|---|---|---|---|---|---|
|
Private industry |
|||||
|
12-month percent change |
|||||
|
Total compensation |
|
3.9% | 4.5% | 5.4% | 5.0% |
|
Wages and salaries |
|
4.1% | 4.6% | 5.4% | 5.1% |
|
3-month percent change |
|||||
|
Total compensation |
|
0.8% | 1.6% | 1.5% | 1.1% |
|
Wages and salaries |
|
0.8% | 1.4% | 1.5% | 1.3% |
(Source: Compensation Cost Trends)
| Data series | Private industry | |||
|---|---|---|---|---|
| Compensation component ($ per hour worked) |
Percent of total compensation | |||
| Back data |
2nd quarter 2022 | Back data |
2nd quarter 2022 | |
|
Total compensation |
|
47.81 |
|
100.0 |
|
Wages and salaries |
|
34.05 |
|
71.2 |
|
Total benefits |
|
13.76 |
|
28.8 |
|
Insurance |
|
3.20 |
|
6.7 |
|
Retirement |
|
1.41 |
|
2.9 |
|
Paid leave |
|
3.88 |
|
8.1 |
(Source: Compensation Cost Trends)
Union Membership and Representation
| Data series | Back data |
Median weekly earnings | |||
|---|---|---|---|---|---|
| 2018 | 2019 | 2020 | 2021 | ||
|
Union membership and representation |
|||||
|
Full-time workers |
|
$1,094 | $1,149 | $1,220 | $1,241 |
|
Members of unions |
|
$888 | $903 | $960 | $1,023 |
|
Represented by unions |
|
$906 | $918 | $993 | $1,017 |
|
Nonunion |
|
$1,105 | $1,155 | $1,228 | $1,249 |
(Source: Current Population Survey)
Work-related Fatalities, Injuries, and Illnesses
This section presents data for the industry on the number of workplace fatalities and the rates of workplace injuries and illnesses per 100 full-time workers in professional and business services. An injury or illness is considered to be work-related if an event or exposure in the work environment either caused or contributed to the resulting condition or significantly aggravated a pre-existing condition.
| Data series | 2015 | 2016 | 2017 | 2018 |
|---|---|---|---|---|
|
Fatalities |
||||
|
Number of fatalities |
491 | 561 | 545 | 598 |
|
Blank cells indicate no data reported or data that do not meet publication criteria. |
||||
| Data series | 2021 |
|---|---|
|
Rate of injury and illness cases per 100 full-time workers |
|
|
Total recordable cases |
1.1 |
|
Cases involving days away from work, job restriction, or transfer |
0.6 |
|
Cases involving days away from work |
0.4 |
|
Cases involving days of job transfer or restriction |
0.2 |
|
Blank cells indicate no data reported or data that do not meet publication criteria. |
|
(Source: Injuries, Illnesses, and Fatalities)
Workplace Trends
This section presents data on the number of establishments and the number of establishments experiencing job gains or job losses in professional and business services.
Establishments
| Data series | Back data |
3rd quarter 2021 |
4th quarter 2021 |
1st quarter 2022 |
2nd quarter 2022 |
|---|---|---|---|---|---|
|
Number of establishments |
|||||
|
Private industry |
|
2,143,582 | 2,198,270 | (p)2,245,003 | (p)2,285,181 |
|
Local government |
|
4,502 | 4,499 | (p)4,526 | (p)4,579 |
|
State government |
|
1,117 | 1,132 | (p)1,141 | (p)1,140 |
|
Federal government |
|
1,455 | 1,453 | (p)1,442 | (p)1,437 |
|
Establishments with changes in employment (in thousands) |
|||||
|
With job gains (seasonally adjusted) |
|
470 | 480 | 459 | |
|
With job losses (seasonally adjusted) |
|
405 | 390 | 395 | |
|
Footnotes |
|||||
(Source: Business Employment Dynamics, Quarterly Census of Employment and Wages)
Data extracted on: December 07, 2022
Extra Information About many jobs are available in business services That You May Find Interested
If the information we provide above is not enough, you may find more below here.
Professional and Business Services – Bureau of Labor Statistics
-
Author: bls.gov
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Rating: 3⭐ (788357 rating)
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Highest Rate: 5⭐
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Lowest Rate: 2⭐
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Sumary: Industries at a Glance: Professional and Business Services
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Matching Result: This section provides information relating to employment and unemployment in professional and business services. While most data are obtained from employer …
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Careers – SBS – NYC.gov
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Author: nyc.gov
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Rating: 3⭐ (788357 rating)
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Highest Rate: 5⭐
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Lowest Rate: 2⭐
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Sumary: The NYC Department of Small Business Services prepares New Yorkers to find jobs by developing job search skills and training residents for in-demand sectors.
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Matching Result: The NYC Department of Small Business Services prepares New Yorkers to find jobs by developing job search skills and training residents for in-demand …
- Intro: Careers – SBS SEARCH JOB OPENINGS The NYC Department of Small Business Services offers free services at our network of Workforce1 Career Centers to prepare and help New Yorkers to find jobs. We can help you prepare for your next interview, update your résumé, and connect with employers, or find…
Careers at SBS – NYC.gov
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Author: nyc.gov
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Rating: 3⭐ (788357 rating)
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Highest Rate: 5⭐
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Lowest Rate: 2⭐
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Sumary: Here at the NYC Department of Small Business Services (SBS), we pride ourselves on creating a dynamic work environment where employees are given opportunities to grow professionally and advance in their fields. We…
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Matching Result: Here at the NYC Department of Small Business Services (SBS), … visiting the External Applicants job search page to view and apply for available positions.
- Intro: Careers at SBS – SBS Here at the NYC Department of Small Business Services (SBS), we pride ourselves on creating a dynamic work environment where employees are given opportunities to grow professionally and advance in their fields. We are looking for highly motivated and well-organized individuals to join us in…
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Source: https://www.nyc.gov/site/sbs/about/careers-at-sbs.page
Employment | Business Services Center – NY.gov
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Author: bsc.ogs.ny.gov
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Rating: 3⭐ (788357 rating)
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Highest Rate: 5⭐
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Lowest Rate: 2⭐
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Sumary: BSC Representative 1
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Matching Result: Employment Opportunities at the Business Services Center … There are many titles that allow you to transfer to the Business Services Center.
- Intro: Employment BSC Representative 1 There are many titles that allow you to transfer to the Business Services Center. As a BSC Rep 1, you will process transactions in applications such as the Right Now Ticketing System, PayServ, Human Resources Information System, New York State Electronic Personnel System, and SFS. BSC…
Business Services Gains Amid Job Market Growth
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Author: pymnts.com
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Rating: 3⭐ (788357 rating)
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Highest Rate: 5⭐
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Lowest Rate: 2⭐
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Sumary: The professional and business services sector posted the biggest gains last month, adding 74,000 jobs to the overall 372,000 in new openings.
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Matching Result: The professional and business services sector posted the biggest gains last month, adding 74000 jobs to the overall 372000 in new openings.
- Intro: Business Services Posts Big Gains Amid Continuing Job Market Growth The professional and business services sector posted the biggest gains last month, adding 74,000 jobs to the overall 372,000 in new openings, while the unemployment rate of 3.6% remained the same for the fourth month in a row, the U.S. Bureau…
Business Services Jobs – What Are They and How to Get One
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Author: ziprecruiter.com
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Rating: 3⭐ (788357 rating)
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Highest Rate: 5⭐
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Lowest Rate: 2⭐
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Sumary: Suchen Sie mit der Jobsuchmaschine ZipRecruiter nach Stellenangeboten in Ihrer Nähe – der beste Weg, um einen Job zu finden. Finden Sie Stellenangebote in Ihrer Nähe und bewerben Sie sich mit nur einem Klick.
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Matching Result: Companies require all sorts of business services, so you have many options to choose from when seeking a career in the business services sector.
- Intro: Jobsuche – Millionen von Jobs in Ihrer Nähe Melden Sie sich an, um über neue Jobs benachrichtigt zu werden Mit unserer leistungsfähigen Matching-Technologie landen passende Stellenangebote direkt in Ihrem Postfach. Finden Sie jetzt Ihren neuen Job ZipRecruiter hat die Suche enorm beschleunigt und vereinfacht, denn ich wurde über Arbeitgeber informiert,…
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Source: https://www.ziprecruiter.com/Career/Business-Services/What-Is-How-to-Become
Is Business Services A Good Career Path? (20 Jobs … – Zippia
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Author: zippia.com
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Rating: 3⭐ (788357 rating)
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Highest Rate: 5⭐
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Lowest Rate: 2⭐
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Sumary: Yes, business services is an excellent career path. There are a wide variety of careers and skillsets to choose from on this path. Several of them overlap as well. If you choose to alter your career in the future, you can keep some…
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Matching Result: Whether you’re interstate marketing, sales, finance, or management, there is a place in business services. Most of these careers are well paid …
- Intro: Best-Paying + Entry-Level) – Zippia Yes, business services is an excellent career path. There are a wide variety of careers and skillsets to choose from on this path. Several of them overlap as well. If you choose to alter your career in the future, you can keep some of your…
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Source: https://www.zippia.com/advice/is-business-services-a-good-career-path/
Frequently Asked Questions About many jobs are available in business services
If you have questions that need to be answered about the topic many jobs are available in business services, then this section may help you solve it.
Why are business services necessary?
What Are Business Services? Business services are industries that support a company’s business goals that enable the company to make profits. These services aid in the growth, development, and reach of a company by connecting it to its customers.
How many different kinds of business jobs exist?
There are three main tiers of company position types: executive, management, and operational, and as a result, different job positions have authority over others because higher-level positions manage entire teams of people.
Is a career in business services a good choice?
The types of jobs in the business field are high-paying, and the good news is that employment opportunities for graduates are growing every year. Business professionals are in demand for their valuable services to organizations of all sizes worldwide.
What types of jobs involve business?
With sufficient training and experience, business professionals can work in various fields, including accounting, marketing, finance and management….Jobs in this field include:
- Investment analyst.
- Financial risk analyst.
- Stockbroker.
- Portfolio manager.
- Risk manager.
- Investment banker.
What is an example of a business service?
Examples of services used by business enterprises to carry out their operations include banking, insurance, warehousing, communication services, etc.
Why should you use business services?
Business services concentrate on industries like management and administration, human resource management, sales, marketing, and advertising, as well as accounting and finance, among others.
Which profession or industry is best?
Here you will learn about the differences between a job and a business, as well as which is better, advantages, problems, and other things. A job is a more reliable option for financial security, whereas business appears attractive to those willing to take risks.
Why do you choose business?
If you want to start or run a business, studying business is the best course of action. You can learn the fundamentals of being in charge, like accounting, finance, and marketing, as well as courses in business development, entrepreneurship, and leadership.
