All Employees: Health Care: Ambulatory Health Care Services in Utah
SMU49000006562100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.10
Year-over-Year Change
57.09%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of people employed in the ambulatory health care services industry within the state of Utah. It provides insights into the labor force and economic activity in the healthcare sector.
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: Ambulatory Health Care Services in Utah series measures the total employment in establishments that provide outpatient health care services, such as doctors' offices, dentists' offices, and diagnostic laboratories. This data is used by economists and policymakers to monitor the health of Utah's healthcare industry and labor market.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the economic conditions and labor market dynamics in Utah's healthcare sector, which is a key driver of the state's economy.
Key Facts
- Utah's ambulatory healthcare services employed over 120,000 people as of 2022.
- Employment in this sector has grown by over 30% in the past decade.
- The healthcare industry is one of the largest employers in the state of Utah.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the ambulatory healthcare services industry within the state of Utah, including doctors' offices, dentists' offices, and diagnostic laboratories.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor force and economic activity in Utah's healthcare sector, which is a key driver of the state's economy. It is useful for economists and policymakers to monitor employment and trends in this industry.
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 trend is used by economists, policymakers, and healthcare institutions to understand the economic conditions and labor market dynamics in Utah's healthcare sector, which informs policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Ambulatory Health Care Services in Utah (SMU49000006562100001A), retrieved from FRED.