All Employees: Retail Trade: Building Material and Garden Equipment and Supplies Dealers in Delaware
Annual
SMU10000004244400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
13.64%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the total annual average of employment in private educational services in the United States. This key labor market indicator provides insights into the health and trends of the education sector.
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 Annual trend represents the average employment level in private educational services, such as private schools, colleges, and universities, over the course of a calendar year. This metric is widely used by economists and policymakers to analyze the performance and labor dynamics of the education industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is a crucial input for evaluating the overall state of the education labor market and informing policy decisions related to the sector.
Key Facts
- Annual employment in private educational services reached a high of 3.2 million in 2019.
- The sector experienced a decline in employment during the COVID-19 pandemic, dropping to 2.9 million in 2020.
- Private educational services account for approximately 2% of total private employment in the United States.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total annual average employment in the private educational services sector in the United States, including private schools, colleges, and universities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and labor dynamics of the education industry, which is a key sector of the economy. It informs analysts and policymakers about employment trends in private educational services.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is used by economists and policymakers to evaluate the performance of the education sector and inform policy decisions related to employment, education funding, and workforce development.
Q: Are there update delays or limitations?
A: The Annual trend data is typically published with a few months' delay, as it is based on the monthly CES survey. There may also be revisions to previously published data as more information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU10000004244400001A), retrieved from FRED.