Employment for Educational Services: Educational Services (NAICS 611) in the United States
IPUQN611W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,227.20
Year-over-Year Change
17.04%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the educational services industry, a key sector of the U.S. economy. It provides valuable insights into labor market dynamics and the state of the education system.
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 Employment for Educational Services trend tracks the number of people employed in the educational services industry, which includes schools, colleges, and other educational institutions. This data is widely used by economists, policymakers, and education stakeholders to analyze workforce trends and assess the health of the education sector.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through its monthly establishment survey.
Historical Context
Monitoring this trend helps inform policy decisions and investment strategies related to the education system.
Key Facts
- The educational services industry employs over 13 million people in the U.S.
- Employment in this sector has grown by 7% over the past decade.
- The COVID-19 pandemic led to a temporary decline in educational services employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the educational services industry in the United States, including schools, colleges, and other educational institutions.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the labor market dynamics and the state of the education system, which is important for policymakers, economists, and education stakeholders.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through its monthly establishment survey.
Q: How is this trend used in economic policy?
A: Monitoring this trend helps inform policy decisions and investment strategies related to the education system, as it reflects the overall health and employment levels in the educational services industry.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics, with a typical delay of about a month. There may be revisions to the historical data as more information becomes available.
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Hours Worked for Educational Services: Colleges, Universities, and Professional Schools (NAICS 61131) in the United States
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Citation
U.S. Federal Reserve, Employment for Educational Services: Educational Services (NAICS 611) in the United States (IPUQN611W200000000), retrieved from FRED.