All Employees: Health Care and Social Assistance in Indiana
SMU18000006562000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
452.30
Year-over-Year Change
24.05%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Health Care and Social Assistance in Indiana' trend measures employment levels in the health care and social assistance sector in the state of Indiana. This data is important for economists and policymakers to understand workforce trends and assess the health of this critical industry.
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
This series tracks the total number of employees in the health care and social assistance sector in Indiana, which includes hospitals, nursing and residential care facilities, and social assistance providers. It is a key indicator of economic activity and workforce dynamics in this large and growing industry.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring employment in health care and social assistance helps inform economic and workforce policy decisions.
Key Facts
- Indiana's health care and social assistance sector employs over 450,000 workers.
- Employment in this sector has grown by over 20% in the last decade.
- Hospitals are the largest employer within the industry, accounting for nearly half of all jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the health care and social assistance sector in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding workforce dynamics and economic activity in a critical industry that accounts for a significant portion of Indiana's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring employment in health care and social assistance helps inform economic and workforce policy decisions at the state and local level.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Health Care and Social Assistance in Indiana (SMU18000006562000001A), retrieved from FRED.