All Employees: Education and Health Services: Hospitals in Virginia
SMU51000006562200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.78
Year-over-Year Change
2.46%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of employees in the hospital industry within the education and health services sector in Virginia. It provides insights into the labor market and economic activity in this critical healthcare 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: Hospitals in Virginia series tracks the total number of people employed in the hospital industry in the state of Virginia. This metric is used by economists and policymakers to gauge the strength and trends within the healthcare sector of the state's economy.
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 health of Virginia's healthcare industry and labor market.
Key Facts
- Virginia has over 100 hospitals employing more than 200,000 people.
- Hospitals are one of the largest private employers in the state.
- The healthcare sector accounts for over 10% of Virginia's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the hospital industry within the education and health services sector in Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and trends of Virginia's healthcare labor market, which is a key part of the state's economy.
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: Economists and policymakers use this trend to assess the health of Virginia's healthcare industry and make informed decisions about economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Hospitals in Virginia (SMU51000006562200001SA), retrieved from FRED.