All Employees: Education and Health Services: Nursing and Residential Care Facilities in Idaho
SMU16000006562300001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.87
Year-over-Year Change
3.72%
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 Idaho. It provides valuable insights into the state's healthcare workforce and economic activity in this 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: Nursing and Residential Care Facilities in Idaho series tracks the total number of workers employed in nursing homes, assisted living facilities, and other residential care establishments across the state. This data is useful for analyzing labor market trends and healthcare industry dynamics.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for policymakers, economists, and healthcare industry analysts to understand workforce and economic conditions in Idaho's nursing and long-term care sector.
Key Facts
- Idaho has over 22,000 employees in nursing and residential care facilities.
- The industry accounts for 3.5% of total nonfarm employment in the state.
- Employment in this sector has grown by 10% over the past 5 years.
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 the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the healthcare workforce and economic activity in Idaho's nursing home and long-term care sector, which is relevant for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions and economic forecasts related to healthcare workforce, industry growth, and the overall economic conditions in Idaho.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay. There may be some limitations in capturing all small, independent care facilities.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Nursing and Residential Care Facilities in Idaho (SMU16000006562300001SA), retrieved from FRED.