All Employees: Education and Health Services: Nursing and Residential Care Facilities in Virginia
SMU51000006562300001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.64
Year-over-Year Change
2.50%
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 Virginia. It provides important insights into the state's healthcare sector and labor market.
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 Virginia series tracks the total employment levels in this key industry, which includes nursing homes, assisted living facilities, and other long-term care providers. This data is used by economists and policymakers to analyze workforce trends and healthcare capacity in the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the healthcare labor market and economic conditions in Virginia.
Key Facts
- Virginia has over 280,000 healthcare jobs in nursing and residential care facilities.
- Employment in this sector has grown by 12% over the past 5 years.
- Nursing and residential care is one of the largest healthcare employers in the state.
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 Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the healthcare labor market and capacity in Virginia, which is critical information for policymakers, economists, and industry analysts.
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: This employment trend is used by state and local officials to assess healthcare workforce needs, infrastructure, and broader economic conditions in Virginia.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a short lag, providing timely information on this important sector of the Virginia economy.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Nursing and Residential Care Facilities in Virginia (SMU51000006562300001SA), retrieved from FRED.