All Employees: Health Care: Hospitals in Tennessee
SMU47000006562200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.00
Year-over-Year Change
17.65%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Health Care: Hospitals in Tennessee' trend measures the total number of employees in the hospital industry in Tennessee. This data is important for economists and policymakers to understand the state's healthcare workforce and economic 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
This series tracks the total number of payroll employees in the hospital industry within the state of Tennessee. It provides insights into the size and labor market trends of the healthcare sector, which is a critical part of the state's economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This information is used by economists, policymakers, and industry analysts to monitor the health of Tennessee's healthcare system and its broader economic implications.
Key Facts
- Tennessee has over 300 hospitals.
- The hospital industry is one of the largest employers in the state.
- Healthcare accounts for 12% of Tennessee's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of payroll employees in the hospital industry within the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the size and labor market trends of the healthcare sector, which is a critical part of Tennessee's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This information is used by economists, policymakers, and industry analysts to monitor the health of Tennessee's healthcare system and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and potential revisions of the CES survey.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Hospitals in Tennessee (SMU47000006562200001A), retrieved from FRED.