Employment for Educational Services: Colleges, Universities, and Professional Schools (NAICS 61131) in the United States
IPUQN61131W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.65
Year-over-Year Change
3.67%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment levels at colleges, universities, and professional schools in the United States. It provides valuable insights into the education sector's workforce and labor market dynamics.
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 Employment for Educational Services: Colleges, Universities, and Professional Schools (NAICS 61131) in the United States trend tracks the number of people employed in these educational institutions. It is an important indicator for understanding the health and trends within the higher education industry.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and organizations.
Historical Context
This trend is closely monitored by policymakers, economists, and education industry analysts to assess the state of the labor market and make informed decisions.
Key Facts
- Colleges, universities, and professional schools employ over 3.5 million people in the U.S.
- Employment in this sector has grown by over 10% in the past decade.
- The education industry is a major contributor to the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed at colleges, universities, and professional schools in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the labor market and workforce dynamics within the education sector, which is a significant part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and organizations.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and education industry analysts closely monitor this trend to assess the state of the labor market and make informed decisions about education policy and investments.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short delay, providing timely information on employment in the education sector.
Related Trends
Hours Worked for Educational Services: Junior Colleges (NAICS 61121) in the United States
IPUQN61121L200000000
Hours Worked for Educational Services: Junior Colleges (NAICS 611210) in the United States
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Hours Worked for Educational Services: Educational Support Services (NAICS 6117) in the United States
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Hours Worked for Educational Services: Colleges, Universities, and Professional Schools (NAICS 61131) in the United States
IPUQN61131L200000000
Employment for Educational Services: Junior Colleges (NAICS 6112) in the United States
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Employment for Educational Services: Elementary and Secondary Schools (NAICS 6111) in the United States
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Citation
U.S. Federal Reserve, Employment for Educational Services: Colleges, Universities, and Professional Schools (NAICS 61131) in the United States (IPUQN61131W010000000), retrieved from FRED.