All Employees: Health Care: Hospitals in Arizona
SMU04000006562200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.00
Year-over-Year Change
28.81%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Health Care: Hospitals in Arizona' trend measures the total number of employees in the hospital industry in Arizona. This data is important for economists and policymakers to understand labor market trends and the economic health of the 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
This series represents the total number of employees working in hospitals located in the state of Arizona. It is a key indicator of economic activity and labor force participation in the healthcare industry, which is a major component of the Arizona economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this trend to assess the performance and outlook of the healthcare sector in Arizona.
Key Facts
- Arizona has over 100 hospitals employing tens of thousands of workers.
- The healthcare sector accounts for over 10% of Arizona's GDP.
- Hospital employment has grown steadily in Arizona over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in hospitals located in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding labor market trends and the economic health of the healthcare sector in Arizona.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to assess the performance and outlook of the healthcare sector in Arizona.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Hospitals in Arizona (SMU04000006562200001A), retrieved from FRED.