All Employees: Education and Health Services: Nursing and Residential Care Facilities in Colorado
SMU08000006562300001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.78
Year-over-Year Change
4.13%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the nursing and residential care facilities industry in Colorado. It provides insights into the labor market dynamics in the healthcare sector, which is a significant part of the state's economy.
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 Colorado series tracks the total number of employees in this industry, which includes nursing homes, assisted living facilities, and other residential care providers. This data is used by economists and policymakers to analyze employment trends and the overall health of the healthcare industry in the state.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the labor market conditions and economic performance of the healthcare sector in Colorado.
Key Facts
- Colorado's nursing and residential care facilities employ over 90,000 people.
- Employment in this industry has grown by 20% in the past decade.
- The healthcare sector accounts for nearly 10% of Colorado's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the nursing and residential care facilities industry in Colorado, including nursing homes, assisted living facilities, and other residential care providers.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market dynamics and performance of the healthcare sector, which is a significant part of Colorado's economy. It is useful for economists and policymakers analyzing employment trends and the overall health of the industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to understand the labor market conditions and economic performance of the healthcare sector in Colorado, which is crucial for informing policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Nursing and Residential Care Facilities in Colorado (SMU08000006562300001SA), retrieved from FRED.