All Employees: Educational Services in Alabama
SMU01000006561000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.50
Year-over-Year Change
6.91%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Educational Services in Alabama' trend measures the total employment in the educational services industry within the state of Alabama. This metric is important for economists and policymakers to understand workforce trends and labor market conditions in a key sector.
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
This series tracks the total number of employees working in educational services establishments located in Alabama. It provides insights into the size and dynamics of the state's education workforce, which is a significant component of the overall economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this employment trend to gauge the health and outlook of Alabama's education sector.
Key Facts
- Alabama's educational services industry employs over 110,000 workers.
- Employment in this sector has grown by 5% over the past 5 years.
- The education industry accounts for nearly 10% of Alabama's total non-farm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the educational services industry within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and dynamics of Alabama's education workforce, which is an important component of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this employment trend to gauge the health and outlook of Alabama's education sector, which is vital for workforce and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Educational Services in Alabama (SMU01000006561000001A), retrieved from FRED.