All Employees: Health Care: Hospitals in North Dakota
SMU38000006562200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.70
Year-over-Year Change
1.34%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the hospital industry in North Dakota. It is an important indicator of the health and size of 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: Hospitals in North Dakota metric tracks monthly employment levels in the hospital industry across the state. It provides insights into the economic performance and labor demands of a key component of North Dakota's healthcare system.
Methodology
The data is collected through monthly surveys of North Dakota employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, healthcare administrators, and economic analysts to assess the state's medical infrastructure and labor market conditions.
Key Facts
- North Dakota has over 50 hospitals statewide.
- Hospitals are a major employer in many North Dakota communities.
- Healthcare is a significant industry in the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in hospitals across the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the size and performance of North Dakota's healthcare sector, which is a key part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of North Dakota employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, healthcare administrators, and economic analysts use this trend to assess the state's medical infrastructure and labor market conditions.
Q: Are there update delays or limitations?
A: The data is released with a typical one-month lag from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Hospitals in North Dakota (SMU38000006562200001A), retrieved from FRED.