All Employees: Health Care: Nursing and Residential Care Facilities in Idaho
SMU16000006562300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.30
Year-over-Year Change
22.56%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the health care and nursing care facility industries in the state of Idaho. It provides valuable insights into the labor market and economic conditions within this important 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: Health Care: Nursing and Residential Care Facilities in Idaho metric measures the total employment levels across nursing homes, assisted living facilities, and other residential care providers in the state. This data is a key indicator of activity and workforce trends in Idaho's health care industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, researchers, and industry analysts to assess the economic health and labor market dynamics of Idaho's health services sector.
Key Facts
- Idaho's nursing and residential care facilities employed over 32,000 workers as of the latest data.
- Employment in this sector has grown by over 10% in Idaho since 2015.
- Health care is one of the largest and fastest-growing industries in the Idaho economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in nursing homes, assisted living facilities, and other residential care providers across the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This employment data is a key indicator of activity and workforce trends in Idaho's critical health care industry, providing insights for policymakers, researchers, and industry stakeholders.
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: This employment trend is closely monitored to assess the economic health and labor market dynamics of Idaho's health services sector, informing policy decisions and industry analysis.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Nursing and Residential Care Facilities in Idaho (SMU16000006562300001A), retrieved from FRED.