Temporary staff and leased employee expense for Residential Intellectual and Developmental Disability, Mental Health and Substance Abuse Facilities, All Establishments, Employer Firms
This dataset tracks temporary staff and leased employee expense for residential intellectual and developmental disability, mental health and substance abuse facilities, all establishments, employer firms over time.
Latest Value
776.00
Year-over-Year Change
28.26%
Date Range
1/1/2007 - 1/1/2021
Summary
This economic trend measures the temporary staff and leased employee expense for residential intellectual and developmental disability, mental health, and substance abuse facilities. It provides insights into workforce dynamics and operating costs in this critical 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 Temporary Staff and Leased Employee Expense metric tracks the costs incurred by residential care facilities for employing temporary or leased workers. This data offers valuable insights into workforce flexibility and operational strategies within the intellectual disability, mental health, and substance abuse treatment industries.
Methodology
The data is collected through surveys of U.S. businesses and establishments.
Historical Context
This metric is closely watched by policymakers and industry analysts to understand staffing and cost trends in the residential care sector.
Key Facts
- Temporary staff and leased employee expense accounts for a significant portion of total operating costs for many residential care facilities.
- The use of temporary and leased workers allows facilities to rapidly scale staffing to meet fluctuating demand.
- Trends in this metric can signal broader workforce challenges or changes in industry structure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the expenses incurred by residential intellectual and developmental disability, mental health, and substance abuse facilities for employing temporary and leased workers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into workforce dynamics and operational strategies within the residential care sector, which is crucial for understanding cost structures and industry conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and establishments.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this metric to understand staffing and cost trends in the residential care sector, which informs policy decisions and market assessments.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and potential limitations in capturing all temporary and leased worker expenses across the diverse residential care industry.
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Citation
U.S. Federal Reserve, Temporary staff and leased employee expense for Residential Intellectual and Developmental Disability, Mental Health and Substance Abuse Facilities, All Establishments, Employer Firms (EXPTSL6232ALLESTEF), retrieved from FRED.