All Employees: Health Care: Nursing and Residential Care Facilities in the District of Columbia
SMU11000006562300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
-4.76%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the health care and nursing care industries in the District of Columbia. It provides insights into the labor market and economic activity in this crucial 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: Health Care: Nursing and Residential Care Facilities in the District of Columbia metric tracks employment levels in healthcare facilities like nursing homes, assisted living, and other residential care providers. It is an important economic indicator for analyzing the healthcare industry and its workforce.
Methodology
This data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to understand workforce dynamics and economic conditions in the healthcare sector.
Key Facts
- This trend measures over 42,000 healthcare jobs in DC.
- Nursing and residential care make up about 40% of DC's healthcare workforce.
- Employment in this sector has grown over 15% in the last decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in healthcare facilities like nursing homes, assisted living, and other residential care providers in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health of the healthcare industry and labor market in DC, which is a crucial sector for the local economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly 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 economists analyze this trend to understand workforce dynamics, labor market conditions, and the overall economic health of the healthcare sector in the District of Columbia.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay, so it provides timely but not real-time information on the healthcare job market in DC.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Nursing and Residential Care Facilities in the District of Columbia (SMU11000006562300001A), retrieved from FRED.