All Employees: Education and Health Services: Nursing and Residential Care Facilities in Washington
SMU53000006562300001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.90
Year-over-Year Change
3.08%
Date Range
1/1/1990 - 7/1/2025
Summary
This trend measures the total number of employees in the nursing and residential care facilities industry in Washington state. It provides insight into the labor market and economic activity within the healthcare sector.
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 Washington data series tracks the total employment levels in this specific industry and geographic region. It is used by economists, policymakers, and industry analysts to monitor healthcare workforce trends and inform decision-making.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the economic health and labor market dynamics within Washington's healthcare industry.
Key Facts
- Washington's nursing and residential care facilities employed over 120,000 workers as of 2022.
- Employment in this sector has grown by 10% in the past 5 years.
- The healthcare industry is a major driver of economic activity in Washington 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 located in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insight into the labor market and economic health of Washington's healthcare sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor workforce trends in the healthcare industry and inform decisions related to workforce development, healthcare policy, and economic planning.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag, so it provides timely but not real-time information on employment trends.
Similar SMU Trends
All Employees: Federal Government in Washington
SMU53000009091000001A
All Employees: Manufacturing: Durable Goods: Aerospace Product and Parts Manufacturing in Washington
SMU53000003133640001SA
Production or Nonsupervisory Employees: Construction in Washington
SMU53000002000000006A
Monthly State Retail Sales: Furniture and Home Furnishings Stores in Washington
MSRSWA442
State Government Tax Collections, Occupation and Business Licenses in Washington
WABUSLICTAX
Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Washington
WANMMPMANQGSP
Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Nursing and Residential Care Facilities in Washington (SMU53000006562300001), retrieved from FRED.