All Employees: Education and Health Services: Health Care and Social Assistance in Arizona
SMS04000006562000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
483.10
Year-over-Year Change
4.54%
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 sector in Arizona. It provides valuable insights into the labor dynamics of this crucial industry.
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 Arizona data series tracks the total number of individuals employed in the health care and social assistance industry within the state of Arizona. This metric is used by economists and policymakers to monitor the strength and growth of the state's health care workforce.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by government agencies, industry groups, and market analysts to gauge the health and outlook of Arizona's health care sector.
Key Facts
- Arizona's health care and social assistance sector employs over 375,000 people.
- Employment in this industry has grown by 20% in the past decade.
- The health care sector accounts for nearly 12% of Arizona's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the health care and social assistance industry within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the labor dynamics and growth of Arizona's vital health care sector, which is a major employer and economic driver in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Government agencies, industry groups, and market analysts closely monitor this trend to gauge the health and outlook of Arizona's health care sector, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Health Care and Social Assistance in Arizona (SMS04000006562000001), retrieved from FRED.