Employment for Educational Services: Technical and Trade Schools (NAICS 61151) in the United States
IPUQN61151W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.64
Year-over-Year Change
-4.06%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment levels at technical and trade schools in the United States. Understanding employment in this sector is crucial for policymakers and analysts assessing the state of the labor market and educational infrastructure.
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: Technical and Trade Schools (NAICS 61151) in the United States metric tracks the number of people employed at vocational schools, career colleges, and other institutions that provide specialized technical or trade-based education. This data point is a key indicator of activity and investment in this important educational and workforce development segment.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in technical and trade school employment are closely monitored by economists, policymakers, and labor market analysts to gauge workforce development, skills gaps, and the broader state of the U.S. economy.
Key Facts
- Technical and trade schools account for over 700,000 jobs in the U.S.
- Employment in this sector has grown by 15% over the past decade.
- The COVID-19 pandemic led to a 5% decline in technical school employment in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of people employed at vocational schools, career colleges, and other institutions that provide specialized technical or trade-based education in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in technical and trade school employment are closely monitored by economists, policymakers, and labor market analysts to gauge workforce development, skills gaps, and the broader state of the U.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: This metric is used by policymakers, labor market analysts, and economists to assess the state of the U.S. workforce and guide investments in technical and vocational education programs.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Employment for Educational Services: Technical and Trade Schools (NAICS 61151) in the United States (IPUQN61151W010000000), retrieved from FRED.