All Employees: Education and Health Services: Health Care and Social Assistance in Maine
SMS23000006562000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.70
Year-over-Year Change
0.45%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the health care and social assistance industry in Maine. It is an important indicator of the state's health care workforce and economic activity.
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: Health Care and Social Assistance in Maine series tracks the total number of people employed in the health care and social assistance sector within the broader education and health services industry in the state. This data is used by economists and policymakers to understand the size and trends of Maine's health care labor market.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend provides insight into the health of Maine's health care industry and its contribution to the state's economy.
Key Facts
- Health care and social assistance is Maine's largest private sector employer.
- Employment in this sector has grown steadily over the past decade.
- The COVID-19 pandemic caused a temporary decline in health care jobs in Maine.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the health care and social assistance industry in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the size and health of Maine's health care labor market, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment data to understand the health and dynamics of Maine's health care industry, which informs policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be a short lag between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Health Care and Social Assistance in Maine (SMS23000006562000001), retrieved from FRED.