Average Hourly Earnings of Production Employees: Construction: Specialty Trade Contractors in Minnesota
Annual
SMU27000002023800008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.60
Year-over-Year Change
30.87%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual trend measures the total number of employees in state and local government educational services in the United States. This provides important insights into the size and composition of the public education workforce.
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 Annual trend represents the total number of employees in state and local government educational services, including public schools, colleges, and universities. This data is widely used by economists and policymakers to analyze trends in public sector employment and education funding.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by education officials, labor market analysts, and government agencies to inform policy decisions around education budgets and workforce planning.
Key Facts
- The U.S. public education workforce totaled over 8 million employees in 2022.
- Public education jobs account for over 1 in 5 state and local government positions.
- Employment in state and local education services has grown by 4% since 2018.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total number of employees in state and local government educational services, including public schools, colleges, and universities.
Q: Why is this trend relevant for users or analysts?
A: This data is widely used by economists, policymakers, and education officials to analyze trends in public sector employment and education funding.
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: This trend is closely monitored to inform policy decisions around education budgets and workforce planning.
Q: Are there update delays or limitations?
A: The data is updated monthly with a typical one-month delay.
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Citation
U.S. Federal Reserve, Annual (SMU27000002023800008A), retrieved from FRED.