All Employees: Health Care: Hospitals in Virginia
SMU51000006562200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.60
Year-over-Year Change
12.66%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the hospital industry in Virginia. It is an important indicator of the health and labor conditions of a key 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: Hospitals in Virginia indicator tracks the total employment figures for the hospital industry in the state. This metric is used by economists and policymakers to assess the overall strength and labor market dynamics of Virginia's healthcare sector.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in hospital employment are closely watched for their implications on healthcare access, costs, and the broader state economy.
Key Facts
- Virginia has over 100,000 hospital employees.
- Hospitals are one of the largest private sector employers in the state.
- Hospital employment has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employees working in the hospital industry across the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Trends in hospital employment provide insight into the labor market conditions and economic performance of a key sector of Virginia's healthcare system.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor hospital employment figures to assess the healthcare industry's contribution to the state's overall economy and labor market.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, so it may not reflect the most current employment conditions.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Hospitals in Virginia (SMU51000006562200001A), retrieved from FRED.