All Employees: Education and Health Services: Health Care and Social Assistance in Alabama
SMS01000006562000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
240.50
Year-over-Year Change
4.02%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the health care and social assistance industry in Alabama. It provides insight into the state's health services sector and can inform policy decisions related to the healthcare workforce.
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: Health Care and Social Assistance in Alabama series tracks the total employment in Alabama's health care and social assistance industry. This data is used by economists and policymakers to analyze trends in the state's healthcare labor market and make informed decisions about resource allocation and workforce development.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the strength and resilience of Alabama's healthcare industry, which is a major contributor to the state's economy.
Key Facts
- Alabama's healthcare and social assistance industry employs over 300,000 workers.
- The industry accounts for over 10% of Alabama's total non-farm employment.
- Employment in this sector has grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the health care and social assistance industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and resilience of Alabama's healthcare industry, which is a major contributor to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted 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 analyze trends in Alabama's healthcare labor market and make informed decisions about resource allocation and workforce development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Health Care and Social Assistance in Alabama (SMS01000006562000001), retrieved from FRED.