Educational services
Industry profile, February 2020
Sections: Description | Pricing | Costs | Demand | Appendix
This page is an industry profile for the Educational services industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.
Industry Description
The Educational Services sector comprises establishments that provide instruction and training in a wide variety of subjects. This instruction and training is provided by specialized establishments, such as schools, colleges, universities, and training centers. These establishments may be privately owned and operated for profit or not for profit, or they may be publicly owned and operated. They may also offer food and/or accommodation services to their students.
This industry description was sourced from the North American Industry Classification System.
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- As of January 2020, prices in this industry had increased 0.3 percent since the previous quarter.
- From January 2019 to January 2020 prices in this industry increased 2.2 percent.
- Prices increased 9.7 percent in the five year period starting in January 2015 and ending in January 2020.
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- As of January 2020, costs in this industry had 0 percent since the previous quarter.
- From January 2019 to January 2020 costs in this industry increased 0.8 percent.
- Costs increased 7.6 percent in the five year period starting in January 2015 and ending in January 2020.
For details on which industries are included in each sector, click here
- The largest cost for this industry is purchases made to the Labor sector. This sector accounts for 63.3% of the industry's overall costs.
- From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Professional, Scientific, and Technical Services sector. Costs associated with this sector decreased -2.1%.
| Sector Name | Percentage of Costs | Annual Percent Change 4 |
|---|---|---|
| Labor | 63.3% | +0.8% |
| Real Estate and Rental and Leasing | 12.8% | +1.3% |
| Manufacturing | 5.1% | +0.5% |
| Information | 4.2% | +1.4% |
| Professional, Scientific, and Technical Services | 2.3% | -2.1% |
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- As of July 2019, demand for this industry had increased 1.4 percent since the previous quarter.
- From July 2018 to January 2020 costs in this industry increased 2.2 percent.
- Costs increased 6.7 percent in the five year period starting in July 2014 and ending in July 2019.
For details on which industries are included in each sector, click here
- The sector that contributes the most to this industry's demand is the Personal consumption sector. This sector accounts for 89.3% of the industry's overall demand.
- From January 2019 to January 2020, the largest change in demand for this industry was from the Retail Trade sector, where demand increased 3.8%.
| Sector Name | Percentage of Demand | Annual Percent Change 6 |
|---|---|---|
| Personal consumption | 89.3% | +2.1% |
| Public Administration | 4.4% | +0.6% |
| Retail Trade | 1.8% | +3.8% |
| Educational Services | 1.1% | +0.3% |
| Other Services (except Public Administration) | 1.1% | -0.7% |
- Pricing measured from January 2020.
- The BLS PPI used for this industry is CUSR0000SAE1.
- Costs measured from January 2020
- Demand measured from July 2019
