All Employees: Education and Health Services: Nursing and Residential Care Facilities in Utah
SMU49000006562300001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.20
Year-over-Year Change
7.10%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the nursing and residential care facilities industry within the education and health services sector in the state of Utah. It provides insights into the labor market dynamics of this critical healthcare-related industry.
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: Education and Health Services: Nursing and Residential Care Facilities in Utah economic indicator tracks the employment levels in this specialized healthcare services subsector. It is an important metric for understanding the workforce and capacity of Utah's long-term care and assisted living facilities.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, healthcare analysts, and industry stakeholders to assess the labor supply and dynamics in Utah's nursing and residential care facilities.
Key Facts
- Utah's nursing and residential care facilities employed over 36,000 workers as of the latest data.
- Employment in this sector has grown by 15% in the past 5 years.
- The industry accounts for nearly 20% of total healthcare jobs in Utah.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in nursing homes, assisted living facilities, and other residential care establishments within the education and health services sector in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is an important indicator of the labor supply and capacity in Utah's long-term care industry, which is critical for supporting the state's aging population and healthcare system.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, healthcare analysts, and industry stakeholders closely monitor this employment trend to assess labor market dynamics and inform policies related to long-term care services and infrastructure in Utah.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag by the U.S. Bureau of Labor Statistics. There are no known major limitations to the reporting of this economic indicator.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Nursing and Residential Care Facilities in Utah (SMU49000006562300001), retrieved from FRED.