All Employees: Education and Health Services: Private Educational Services in Maine
SMU23000006561000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.90
Year-over-Year Change
2.82%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the private educational services industry in Maine. It is an important indicator of the health and labor demand in the state's education 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
The All Employees: Education and Health Services: Private Educational Services in Maine series tracks the total number of employees in private educational institutions across the state. This data is used by economists and policymakers to analyze trends in the education labor market and assess the economic impact of the private education industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding workforce dynamics, consumer spending, and education policy in Maine.
Key Facts
- Maine has over 25,000 private education employees.
- Employment in this sector has grown by 10% over the past decade.
- The private education industry accounts for 3.5% of Maine's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in private educational institutions in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the health and labor dynamics of Maine's education sector, which is a key contributor to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by economists, educators, and policymakers to assess workforce needs, consumer spending patterns, and the economic impact of the private education industry in Maine.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Private Educational Services in Maine (SMU23000006561000001), retrieved from FRED.