All Employees: Local Government Educational Services in Massachusetts
SMU25000009093161101A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
186.30
Year-over-Year Change
10.83%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in local government educational services in Massachusetts. It provides insights into labor market conditions and spending in the state's public 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 All Employees: Local Government Educational Services in Massachusetts series tracks the total number of individuals employed in local government educational services throughout the state. This data point is useful for analyzing workforce trends, budgeting, and policy decisions related to public education in Massachusetts.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for policymakers, researchers, and stakeholders monitoring the public education labor market and spending in Massachusetts.
Key Facts
- Massachusetts has over 350,000 local government education employees.
- Public education accounts for nearly 20% of total state and local government employment.
- 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 individuals employed in local government educational services in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into the labor market and spending dynamics within the public education sector in Massachusetts, which is crucial for policymakers, researchers, and stakeholders.
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: This trend is used by policymakers, economists, and education stakeholders to monitor workforce and budgetary trends in the public education system in Massachusetts.
Q: Are there update delays or limitations?
A: The data is subject to regular updates by the U.S. Bureau of Labor Statistics, with potential for minor revisions over time.
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Citation
U.S. Federal Reserve, All Employees: Local Government Educational Services in Massachusetts (SMU25000009093161101A), retrieved from FRED.