All Employees: Educational Services: Elementary and Secondary Schools in Minnesota
SMU27000006561110001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.80
Year-over-Year Change
51.41%
Date Range
1/1/2005 - 1/1/2024
Summary
This trend measures the total number of employees in educational services, specifically elementary and secondary schools, in the state of Minnesota. It provides valuable insights into the workforce and economic conditions 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: Elementary and Secondary Schools in Minnesota series tracks the total number of individuals employed in public and private elementary and secondary schools in the state. This data is used by policymakers, economists, and education stakeholders to analyze trends in the education workforce and inform decisions related to funding, resource allocation, and policy development.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the economic health and labor market conditions in the education sector, which is a significant employer in many states and plays a crucial role in the overall economy.
Key Facts
- Minnesota's education sector employs over 160,000 people.
- Elementary and secondary schools account for the majority of education employment in the state.
- Education services is one of the largest industries in Minnesota's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in educational services, specifically elementary and secondary schools, in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the workforce and economic conditions of the education sector in Minnesota, which is a significant employer and plays a crucial role in the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies 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 analyze trends in the education workforce and inform decisions related to funding, resource allocation, and policy development.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be some delays in the reporting of the latest figures.
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Citation
U.S. Federal Reserve, All Employees: Educational Services: Elementary and Secondary Schools in Minnesota (SMU27000006561110001A), retrieved from FRED.