All Employees: Educational Services in Minnesota
SMU27000006561000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.50
Year-over-Year Change
15.45%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total employment in the educational services industry in the state of Minnesota. It is an important indicator of the health and growth of the education sector 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: Educational Services in Minnesota metric tracks the total number of people employed in the educational services industry across the state. This data provides insights into the size and composition of the education workforce, which is a key driver of economic activity and a barometer of the state's investment in human capital development.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and households.
Historical Context
Policymakers and analysts use this trend to monitor the education industry's labor market and assess the impacts of economic conditions and policy changes.
Key Facts
- Minnesota's educational services industry employs over 230,000 people.
- The sector has seen steady growth over the past decade.
- Educational services account for over 7% of total employment in the state.
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 Minnesota, including both public and private educational institutions.
Q: Why is this trend relevant for users or analysts?
A: The educational services industry is a significant driver of economic activity and employment in Minnesota. This trend provides insights into the health and growth of the education sector, which is crucial for policymakers, economists, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the education industry's labor market and assess the impacts of economic conditions and policy changes on the education sector.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Educational Services in Minnesota (SMU27000006561000001A), retrieved from FRED.