All Employees: Educational Services in Utah
SMU49000006561000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.00
Year-over-Year Change
42.86%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the educational services industry in the state of Utah. It provides insight into the size and dynamics of the education sector, which is a key component of the state's economy.
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 Utah series measures the total number of individuals employed in the educational services industry within the state of Utah. This data is used by economists and policymakers to analyze trends in the education sector and its contribution to the overall state economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in educational services employment are closely watched by state officials and education stakeholders to inform policy decisions and resource allocation.
Key Facts
- Utah's educational services industry employs over 100,000 workers.
- Employment in this sector has grown by 15% over the past decade.
- The education industry accounts for 8% of Utah's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals employed in the educational services industry within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: Trends in educational services employment provide important insights into the size and dynamics of the education sector, which is a key component of Utah's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in educational services employment are closely watched by state officials and education stakeholders to inform policy decisions and resource allocation.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Educational Services in Utah (SMU49000006561000001A), retrieved from FRED.