All Employees: Education and Health Services in Connecticut
SMU09000006500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
366.70
Year-over-Year Change
13.53%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures total employment in the education and health services sector in the state of Connecticut. It is an important indicator of economic activity and labor market conditions in this key industry.
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 in Connecticut metric tracks the total number of workers employed in the education and health services sector within the state. This data is used by economists and policymakers to understand trends in a major component of the state's economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in this employment trend can signal shifting demand for education and healthcare services, with implications for related industries and state economic policy.
Key Facts
- Connecticut is a major hub for healthcare and education.
- The education and health services sector accounts for over 20% of the state's total employment.
- Employment in this sector has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees in the education and health services sector within the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: Changes in this employment trend can signal shifting demand for education and healthcare services, with implications for related industries and state economic policy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to understand trends in a major component of Connecticut's economy and make informed decisions about education, healthcare, and workforce policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, so it may not capture the most recent changes in the labor market.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services in Connecticut (SMU09000006500000001A), retrieved from FRED.