All Employees: Health Care: Residential Intellectual and Developmental Disability, Mental Health and Substance Abuse Facilities in Pennsylvania
SMU42000006562320001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.70
Year-over-Year Change
1.97%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the healthcare industry, specifically in residential intellectual and developmental disability, mental health, and substance abuse facilities located in Pennsylvania.
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: Residential Intellectual and Developmental Disability, Mental Health and Substance Abuse Facilities in Pennsylvania data series tracks the employment levels in this crucial healthcare sector, providing insight into the state's capacity to serve individuals with specialized needs.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of establishments in this industry.
Historical Context
This trend is used by policymakers, economists, and healthcare analysts to assess the state's healthcare infrastructure and workforce capacity.
Key Facts
- Pennsylvania has over 130,000 employees in the healthcare industry.
- This sector has seen steady growth over the past decade.
- The state's residential intellectual and developmental disability facilities employ a significant portion of the healthcare workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the healthcare industry, specifically in residential intellectual and developmental disability, mental health, and substance abuse facilities located in Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the healthcare workforce capacity in Pennsylvania, which is crucial for understanding the state's ability to serve individuals with specialized needs.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of establishments in this industry.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and healthcare analysts use this trend to assess the state's healthcare infrastructure and workforce capacity, which informs policy decisions and resource allocation.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have a short delay in reporting, but it provides a reliable and comprehensive view of employment in this healthcare sector.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Residential Intellectual and Developmental Disability, Mental Health and Substance Abuse Facilities in Pennsylvania (SMU42000006562320001A), retrieved from FRED.