All Employees: Education and Health Services: Health Care and Social Assistance in North Carolina
SMS37000006562000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
604.30
Year-over-Year Change
3.74%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of all employees in the health care and social assistance industry in North Carolina. It provides crucial insights into the labor market and economic activity within the state's healthcare 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: Health Care and Social Assistance in North Carolina data series tracks the total employment levels in this key industry, which includes hospitals, nursing and residential care facilities, and social assistance providers. This metric is widely used by economists and policymakers to gauge the health and growth of North Carolina's healthcare economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in healthcare employment are closely monitored for their implications on the broader economy, public health, and policy decisions.
Key Facts
- North Carolina's healthcare industry employs over 600,000 workers.
- Employment in this sector has grown by over 15% in the past decade.
- The healthcare industry accounts for nearly 15% of North Carolina's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of employees working in the health care and social assistance industry within the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: Employment levels in the healthcare sector are a key indicator of economic activity and the strength of the state's healthcare system, making this data highly relevant for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in healthcare employment are closely monitored by state and federal policymakers to inform decisions on healthcare, workforce, and economic development policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Health Care and Social Assistance in North Carolina (SMS37000006562000001), retrieved from FRED.