All Employees: Education and Health Services: Nursing and Residential Care Facilities in Utah
SMU49000006562300001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.85
Year-over-Year Change
5.80%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the nursing and residential care facilities industry in Utah. It provides insight into the state's healthcare and social assistance sector and can inform workforce and policy decisions.
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 series tracks the total employment in this industry, which includes facilities that provide nursing, residential, and other types of care. This data is a key indicator of the size and dynamics of Utah's healthcare labor market.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this employment trend to assess the healthcare industry's economic contribution and labor force needs in Utah.
Key Facts
- Utah's nursing and residential care facilities employed over 53,000 workers as of 2022.
- This industry accounts for over 10% of total employment in Utah's education and health services sector.
- Employment in this industry has grown by 18% in Utah over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in nursing and residential care facilities in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the size and growth of Utah's healthcare labor force, which is crucial for workforce planning, economic analysis, and policy decisions.
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: Policymakers and analysts use this employment data to assess the healthcare industry's economic contribution and labor force needs in Utah.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month release lag.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Nursing and Residential Care Facilities in Utah (SMU49000006562300001SA), retrieved from FRED.