All Employees: Health Care and Social Assistance in South Dakota
SMU46000006562000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.30
Year-over-Year Change
19.43%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures total employment in the health care and social assistance sector in South Dakota. Understanding employment in this key industry provides insights into the state's economic and labor market conditions.
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 and Social Assistance in South Dakota series tracks the total number of workers employed in the health care and social assistance industry within the state. This data is used by economists and policymakers to analyze the strength and growth of this critical service sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Employment in health care and social assistance is an important indicator for monitoring economic and demographic trends in South Dakota.
Key Facts
- Health care and social assistance is the largest private-sector employer in South Dakota.
- Employment in this sector has grown steadily over the past decade.
- The COVID-19 pandemic temporarily disrupted employment trends in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the health care and social assistance industry within the state of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: Employment in the health care and social assistance sector is a key indicator of economic and demographic conditions in South Dakota, as it is a major driver of the state's economy.
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 economists use this employment data to monitor the strength and growth of the health care and social assistance industry, which is crucial for South Dakota's economic and demographic development.
Q: Are there update delays or limitations?
A: The data is subject to typical survey and reporting lags, with a delay of several weeks between the reference period and public release.
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Citation
U.S. Federal Reserve, All Employees: Health Care and Social Assistance in South Dakota (SMU46000006562000001A), retrieved from FRED.