All Employees: Health Care: Hospitals in South Carolina
SMU45000006562200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.50
Year-over-Year Change
7.49%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the total number of employees in the hospital industry in South Carolina. It is an important indicator of the healthcare sector's labor market and economic 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: Health Care: Hospitals in South Carolina' series tracks the total number of non-farm employees in the hospital industry across the state of South Carolina. This metric provides insights into the size and dynamics of the healthcare workforce, which is a critical component of the state's economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the health and resilience of South Carolina's healthcare industry and its broader economic implications.
Key Facts
- The hospital industry is a major employer in South Carolina.
- Employment in South Carolina hospitals has grown steadily over the past decade.
- The healthcare sector plays a vital role in the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of non-farm employees in the hospital industry across the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and dynamics of the healthcare workforce, which is a critical component of South Carolina's economy.
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: Policymakers and economists use this trend to assess the health and resilience of South Carolina's healthcare industry and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Hospitals in South Carolina (SMU45000006562200001A), retrieved from FRED.