All Employees: Health Care: Hospitals in Alabama
SMU01000006562200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.60
Year-over-Year Change
3.00%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Health Care: Hospitals in Alabama' trend measures the total number of hospital employees in the state of Alabama. This data is important for economists and policymakers to understand the size and trends of 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
This economic indicator tracks the total number of individuals employed at hospitals across the state of Alabama. It provides insight into the scale and dynamics of the healthcare industry, which is a major component of the state's economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by analysts to assess the health and growth of Alabama's healthcare sector and its influence on the broader state economy.
Key Facts
- Alabama has over 100 hospitals statewide.
- The healthcare industry is one of the largest employers in Alabama.
- Hospital employment has grown steadily in Alabama over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working at hospitals across the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the scale and dynamics of Alabama's healthcare industry, which is a major component 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: This trend is widely used by analysts, economists, and policymakers to assess the health and growth of Alabama's healthcare sector and its influence on the broader state economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with some lag, but it provides a comprehensive view of hospital employment in Alabama.
Related Trends
Chain-Type Quantity Index for Real GDP: Miscellaneous Professional, Scientific, and Technical Services (5412-5414, 5416-5419) in Alabama
ALMISCPROQGSP
All Employees: Professional and Business Services: Management of Companies and Enterprises in Alabama
SMU01000006055000001SA
All Employees: Health Care: Nursing and Residential Care Facilities in Alabama
SMU01000006562300001A
Gross Domestic Product: All Industry Total in Alabama
ALNGSP
Value of Exports to Australia from Alabama
ALAUSA052SCEN
Utilities Earnings in Alabama
ALEUTI
Citation
U.S. Federal Reserve, All Employees: Health Care: Hospitals in Alabama (SMU01000006562200001A), retrieved from FRED.