All Employees: Health Care and Social Assistance in the District of Columbia
SMU11000006562000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.40
Year-over-Year Change
14.87%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Health Care and Social Assistance in the District of Columbia' metric tracks employment levels in the health care and social assistance sector for the Washington, D.C. metropolitan area. This data provides insight into the economic health and workforce dynamics of a critical service industry in the nation's capital.
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 employment series covers private sector workers in health care and social assistance establishments, which includes hospitals, nursing and residential care facilities, and social assistance providers. It is a key indicator of economic activity and labor market conditions in the District of Columbia's service-driven economy.
Methodology
The data is collected through the Current Employment Statistics (CES) program's monthly survey of U.S. businesses.
Historical Context
Policymakers and economists use this metric to monitor the vitality of the health and social services industry, which is a major employer and economic driver in the District of Columbia.
Key Facts
- Health care and social assistance accounts for over 23% of total employment in the District of Columbia.
- Employment in this sector has grown by over 15% in the past decade.
- Hospitals are the largest component, making up nearly 60% of industry employment in DC.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total number of employees in the health care and social assistance industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength and growth of a critical service sector in the DC economy, which has important implications for policymakers, investors, and workforce planning.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly survey of businesses and establishments.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to monitor the health and labor dynamics of the health care industry, which is a major employer and economic driver in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Health Care and Social Assistance in the District of Columbia (SMU11000006562000001A), retrieved from FRED.