All Employees: State Government Educational Services in Maine
SMU23000009092161101A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.10
Year-over-Year Change
-27.78%
Date Range
1/1/2005 - 1/1/2024
Summary
This economic trend measures the total number of employees in state government educational services in Maine. It is a key indicator of public sector employment and education spending in the state.
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: State Government Educational Services in Maine data series tracks the total number of individuals employed in state-run educational institutions and agencies across Maine. This provides insight into the size and trends of the public education workforce, which is an important component of the state's economy and fiscal policy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this data to monitor public sector employment and education funding in Maine.
Key Facts
- Maine has over 25,000 state government education employees.
- State education jobs account for over 10% of total state government employment in Maine.
- State education employment in Maine has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of individuals employed in state-run educational institutions and agencies across Maine.
Q: Why is this trend relevant for users or analysts?
A: This provides insight into the size and trends of the public education workforce, which is an important component of Maine's economy and fiscal policy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor public sector employment and education funding in Maine.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, All Employees: State Government Educational Services in Maine (SMU23000009092161101A), retrieved from FRED.