All Employees: Health Care: Nursing and Residential Care Facilities in Delaware
SMU10000006562300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.20
Year-over-Year Change
6.67%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the health care and nursing home sector in the state of Delaware. It is a key indicator of the size and growth of this critical 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: Health Care: Nursing and Residential Care Facilities in Delaware series tracks the total employment levels in Delaware's nursing homes, assisted living facilities, and other residential care providers. This data is used by economists and policymakers to analyze the health of the state's long-term care sector.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend provides insight into the strength of Delaware's senior care infrastructure and can inform policy decisions related to Medicaid, workforce development, and population health.
Key Facts
- Delaware has over 20,000 health care and nursing home employees.
- Employment in this sector has grown by 15% over the past decade.
- Nursing and residential care facilities account for 1 in 8 jobs in Delaware.
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 in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the size and growth of Delaware's long-term care industry, which is a critical component of the state's health care infrastructure and economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend informs policy decisions related to Medicaid, workforce development, and population health in Delaware's senior care sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, providing timely insights into employment trends in this industry.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Nursing and Residential Care Facilities in Delaware (SMU10000006562300001A), retrieved from FRED.