All Employees: Educational Services in Illinois
SMU17000006561000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
157.50
Year-over-Year Change
3.55%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the educational services industry in Illinois. It provides insights into the labor market and economic conditions in this important 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 All Employees: Educational Services in Illinois metric tracks the monthly change in the number of people employed in the educational services industry across the state. This data is used by economists and policymakers to analyze trends in the labor market and gauge the overall health of the education sector.
Methodology
The data is collected through a monthly survey of businesses and households conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in educational services employment can signal shifts in government budgets, school enrollment, and broader economic conditions.
Key Facts
- Illinois has over 330,000 employees in the educational services industry.
- Educational services account for approximately 10% of total employment in Illinois.
- Employment in this sector has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the educational services industry in the state of Illinois, including public and private schools, colleges, and other educational institutions.
Q: Why is this trend relevant for users or analysts?
A: Changes in educational services employment can provide insight into the overall health of the education sector, government budgets, and broader economic conditions in Illinois.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses and households conducted 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 monitor the labor market, assess the impact of education funding, and make informed decisions about economic and education policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one month from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Educational Services in Illinois (SMU17000006561000001A), retrieved from FRED.