All Employees: Education and Health Services: Nursing and Residential Care Facilities in District of Columbia
SMU11000006562300001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.10
Year-over-Year Change
2.53%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the education and health services sector, specifically in nursing and residential care facilities, within the District of Columbia. This metric is important for economists and policymakers to understand labor market dynamics and workforce trends in the healthcare 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: Education and Health Services: Nursing and Residential Care Facilities in District of Columbia series tracks the total number of people employed in these healthcare facilities located in the nation's capital. This data provides insights into the size and composition of the local healthcare workforce, which is crucial for analyzing economic activity and informing policy decisions.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by policymakers, economists, and industry analysts to assess the health and competitiveness of the District of Columbia's healthcare labor market.
Key Facts
- The District of Columbia has the highest concentration of healthcare employment in the nation.
- Nursing and residential care facilities account for a significant portion of the region's healthcare workforce.
- Employment in this sector has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the education and health services sector, specifically in nursing and residential care facilities, located within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the size and composition of the healthcare workforce in the District of Columbia, which is crucial for understanding economic activity and informing policy decisions in the region.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to assess the health and competitiveness of the District of Columbia's healthcare labor market.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the U.S. Bureau of Labor Statistics survey program.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Nursing and Residential Care Facilities in District of Columbia (SMU11000006562300001), retrieved from FRED.