All Employees: Health Care and Social Assistance in Utah
SMU49000006562000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
188.70
Year-over-Year Change
48.82%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the health care and social assistance industry in the state of Utah. It provides insight into the size and growth of this crucial sector of the state's economy.
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 Utah series tracks the total number of workers employed in the health care and social assistance industry across the state. This metric is used by economists and policymakers to analyze workforce trends, labor market conditions, and the economic impact of the health services sector.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding the health of Utah's service-based economy and informing policy decisions related to the health care industry.
Key Facts
- Utah's health care and social assistance sector employs over 200,000 workers.
- This industry accounts for nearly 1 in 6 jobs in the state.
- Employment in this sector has grown by over 30% in the past decade.
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 across the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the size and growth of a crucial sector of Utah's economy, which is relevant for economists, policymakers, and industry analysts.
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: This indicator is used to inform policy decisions related to the health care industry and labor market conditions in Utah.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Health Care and Social Assistance in Utah (SMU49000006562000001A), retrieved from FRED.