All Employees: Education and Health Services: Nursing and Residential Care Facilities in Hawaii
SMU15000006562300001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.30
Year-over-Year Change
3.75%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of employees in the nursing and residential care facilities industry in Hawaii. It is an important indicator of the health and growth of Hawaii's 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 Hawaii series tracks the total employment levels in this critical industry. It provides insights into the state's healthcare infrastructure and labor market dynamics.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, healthcare providers, and labor market analysts.
Key Facts
- Hawaii has over 15,000 employees in nursing and residential care facilities.
- Employment in this sector has grown by 10% in the past 5 years.
- Nursing homes and care facilities are a major employer in Hawaii's healthcare industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in nursing and residential care facilities in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the healthcare workforce and infrastructure in Hawaii, which is crucial for policymakers, industry analysts, and healthcare providers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by policymakers to assess the healthcare sector's labor market and inform policy decisions related to workforce development and healthcare infrastructure.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Nursing and Residential Care Facilities in Hawaii (SMU15000006562300001), retrieved from FRED.