All Employees: Education and Health Services: Nursing and Residential Care Facilities in Maryland
SMU24000006562300001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.20
Year-over-Year Change
4.51%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend tracks the total number of employees in the nursing and residential care facilities industry in Maryland. It provides valuable insights into the health of the state's healthcare and senior services sectors.
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: Nursing and Residential Care Facilities in Maryland indicator measures the total nonfarm employment levels in this industry across the state. It is a key metric for analyzing the economic conditions and labor market trends within Maryland's healthcare and long-term care services.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and industry analysts to assess the strength and growth of Maryland's healthcare infrastructure and its ability to meet the needs of an aging population.
Key Facts
- Maryland's nursing and residential care facilities employ over 100,000 workers.
- Employment in this sector has grown by 10% over the past 5 years.
- The industry accounts for nearly 4% of total nonfarm employment in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the nursing and residential care facilities industry across the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides important insights into the healthcare and senior services sectors in Maryland, which are critical to meeting the needs of the state's aging population.
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, economists, and industry analysts use this employment data to assess the strength and growth of Maryland's healthcare infrastructure and its ability to serve the state's residents.
Q: Are there update delays or limitations?
A: The data is typically published with a one-month lag by the Federal Reserve.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Nursing and Residential Care Facilities in Maryland (SMU24000006562300001), retrieved from FRED.