Workers' Compensation for Home Health Care Services, All Establishments, Employer Firms
This dataset tracks workers' compensation for home health care services, all establishments, employer firms over time.
Latest Value
564.00
Year-over-Year Change
15.81%
Date Range
1/1/2015 - 1/1/2022
Summary
This economic trend measures the workers' compensation costs for home health care services at all employer establishments. It provides insights into the labor costs and risk factors associated with this vital health care 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 Workers' Compensation for Home Health Care Services, All Establishments, Employer Firms series tracks the average workers' compensation insurance costs paid by employers in the home health care industry. This data point is a key indicator of labor market conditions and occupational safety within the growing home health care services sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
This trend is closely monitored by policymakers, health care analysts, and labor economists to assess workforce dynamics and cost pressures in the home health care industry.
Key Facts
- Home health care is one of the fastest-growing occupations in the U.S.
- Workers' compensation costs account for a significant portion of total labor expenses in this industry.
- High workers' comp costs can impact the affordability and accessibility of home health services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average workers' compensation insurance costs paid by employers in the home health care services industry across the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor market conditions, occupational safety, and cost pressures facing the growing home health care sector, which is crucial for policymakers, health care analysts, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess workforce dynamics and cost factors impacting the accessibility and affordability of home health care services.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may not capture all establishments or regional variations in workers' compensation costs.
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Citation
U.S. Federal Reserve, Workers' Compensation for Home Health Care Services, All Establishments, Employer Firms (HHCSWCAEEF46216), retrieved from FRED.