All Employees: Education and Health Services: Nursing and Residential Care Facilities in Arizona
SMU04000006562300001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.60
Year-over-Year Change
3.47%
Date Range
1/1/1990 - 7/1/2025
Summary
This trend measures the total number of employees in the nursing and residential care facilities industry in Arizona. It provides insights into the labor market and economic activity in this critical 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
The All Employees: Education and Health Services: Nursing and Residential Care Facilities in Arizona data series tracks the total employment levels at nursing homes, assisted living facilities, and other residential care providers across the state. This metric is a key indicator of the health and stability of Arizona's long-term care industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this employment trend to assess the labor supply, operational capacity, and economic impact of Arizona's nursing and residential care facilities.
Key Facts
- Arizona's nursing and residential care facilities employ over 90,000 workers.
- Employment in this sector has grown by over 20% in the past decade.
- The industry accounts for 3.5% 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 nursing homes, assisted living facilities, and other residential care providers across the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides important insights into the health and capacity of Arizona's long-term care industry, which is a critical component of the state's healthcare system and economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments 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 employment trend to assess labor supply, operational capacity, and the economic impact of Arizona's nursing and residential care facilities.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month lag, so it may not reflect the most recent employment conditions.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Nursing and Residential Care Facilities in Arizona (SMU04000006562300001SA), retrieved from FRED.