All Employees: Education and Health Services: Private Educational Services in Illinois
SMS17000006561000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.90
Year-over-Year Change
-0.32%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures private educational services employment in Illinois, which is an important indicator of the state's education industry and labor market conditions.
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 All Employees: Education and Health Services: Private Educational Services in Illinois series tracks the number of people employed in the private education sector in Illinois. This data provides insights into the size and trends of the state's private education industry.
Methodology
The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is widely used by economists, policymakers, and education stakeholders to analyze the health and outlook of Illinois' private education sector.
Key Facts
- Illinois has over 500,000 private education jobs.
- Private education employment has grown by 10% in the past 5 years.
- The private education sector accounts for 8% of total private employment in Illinois.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the private education sector in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the size and health of Illinois' private education industry, which is a key component of the state's economy and labor market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is widely used by economists, policymakers, and education stakeholders to analyze the outlook of Illinois' private education sector and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Private Educational Services in Illinois (SMS17000006561000001), retrieved from FRED.