All Employees: Education and Health Services: Nursing Care Facilities (Skilled Nursing Facilities) in Minnesota
SMU27000006562310001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.88
Year-over-Year Change
6.09%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the nursing care facilities (skilled nursing facilities) industry in Minnesota. It is an important indicator of labor market conditions and healthcare sector activity in the state.
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 Care Facilities (Skilled Nursing Facilities) in Minnesota trend represents the total employment in the skilled nursing facilities industry within the broader education and health services sector in the state. This metric is closely watched by economists and policymakers to assess the health and labor dynamics of Minnesota's healthcare system.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used to inform economic and healthcare policy decisions at the state and local level.
Key Facts
- Minnesota has over 36,000 nursing care facility employees.
- This industry accounts for 1-in-10 healthcare jobs in the state.
- Nursing care facilities are a major employer in many Minnesota communities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the nursing care facilities (skilled nursing facilities) industry within the education and health services sector in Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is an important indicator of labor market conditions and healthcare sector activity in Minnesota. It helps inform economic and healthcare policy decisions at the state and local level.
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 in the nursing care facilities industry is closely monitored by economists and policymakers to assess the health and labor dynamics of Minnesota's healthcare system.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, so there may be some delay in reflecting the most current employment figures.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Nursing Care Facilities (Skilled Nursing Facilities) in Minnesota (SMU27000006562310001SA), retrieved from FRED.