All Employees: Health Care: Nursing and Residential Care Facilities in Maine
SMU23000006562300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.20
Year-over-Year Change
-5.53%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the nursing and residential care facilities industry in Maine. It provides insight into the state's healthcare workforce and service capacity.
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 Maine metric tracks the total employment levels in this critical sector of Maine's healthcare system. It is used by policymakers, economists, and industry analysts to assess labor market conditions and the availability of long-term care services.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the capacity and accessibility of long-term care services in Maine.
Key Facts
- Maine has the oldest median population in the U.S.
- Nursing homes and long-term care account for a significant portion of Maine's healthcare sector.
- Employment in this industry impacts access to services for Maine's aging population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in nursing and residential care facilities in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the capacity and labor supply of Maine's long-term healthcare system, which is crucial for serving the state's aging population.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this employment data to assess the availability and accessibility of long-term care services in Maine.
Q: Are there update delays or limitations?
A: The data is subject to typical publication lags for government statistical releases.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Nursing and Residential Care Facilities in Maine (SMU23000006562300001A), retrieved from FRED.