All Employees: Health Care: Ambulatory Health Care Services in Illinois
SMU17000006562100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
301.10
Year-over-Year Change
29.01%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the ambulatory health care services industry in Illinois. It provides insights into the employment 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: Health Care: Ambulatory Health Care Services in Illinois series tracks the number of people employed in outpatient medical facilities such as physician offices, diagnostic laboratories, and home healthcare services. It is a key indicator of the healthcare industry's labor market and economic performance in the state.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by policymakers, economists, and industry analysts to monitor the healthcare sector's economic health and labor market trends in Illinois.
Key Facts
- Illinois has over 450,000 healthcare employees.
- Ambulatory care services account for about 40% of healthcare jobs in the state.
- Employment in this sector has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the ambulatory healthcare services industry in Illinois, including physician offices, diagnostic labs, and home health providers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic health and labor market trends of the healthcare sector in Illinois, which is a major industry and employer in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of healthcare establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this data to monitor the healthcare sector's performance and inform decisions related to healthcare workforce, infrastructure, and service delivery in Illinois.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a 1-2 month lag in the most recent figures.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Ambulatory Health Care Services in Illinois (SMU17000006562100001A), retrieved from FRED.