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Professional and business services accounted for 25 percent of job gains in 2014

January 27, 2015

In 2014, the professional and business services industry gained 732,000 jobs, an average monthly increase of 61,000 jobs. The gain was the largest among all major industries and represented 25 percent of total nonfarm employment growth.
Job gains and losses in total nonfarm and professional and business services, 2007–2014
Year Total nonfarm Professional and business services

2007

 1,140,000 280,000

2008

 -3,576,000 -831,000

2009

 -5,087,000 -745,000

2010

 1,058,000 556,000

2011

 2,083,000 579,000

2012

 2,236,000 555,000

2013

 2,331,000 677,000

2014(p)

 2,952,000 732,000
Footnotes:

(p) = preliminary.

In 2010, professional and business services made up more than half the gains in total nonfarm employment. Since 2010, the industry has accounted for at least a quarter of nonfarm employment growth.

Administrative and waste services added 402,000 jobs in 2014. Temporary help services accounted for about one-third of employment in administrative and waste services but 54 percent of the industry’s employment gains in 2014.
Job gains and losses in components of professional and business services, 2007–2014
Industry 2007 2008 2009 2010 2011 2012 2013 2014(p)

Professional and technical services

 319,100 -75,700 -301,600 100,300 235,700 234,600 204,000 289,000

Management of companies and enterprises

 76,400 -11,500 -44,200 45,200 84,600 82,100 49,100 41,000

Administrative and waste services

 -116,200 -743,200 -399,900 411,400 258,500 238,500 423,100 402,200
Footnotes:

(p) = preliminary.

Professional and technical services, the largest industry within professional and business services, added 289,000 jobs in 2014. Computer systems design and related services added 72,000 jobs. Accounting and bookkeeping services added 54,000 jobs.

These data are from the Current Employment Statistics program and are seasonally adjusted. Data for 2014 are preliminary. To learn more, see "The Employment Situation — December 2014" (HTML) (PDF). More charts featuring nonfarm employment data are in Current Employment Statistics Highlights: December 2014 (PDF).

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Professional and business services accounted for 25 percent of job gains in 2014 at https://www.bls.gov/opub/ted/2015/professional-and-business-services-accounted-for-25-percent-of-job-gains-in-2014.htm (visited December 09, 2024).

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