All Employees: Health Care: Nursing and Residential Care Facilities in Hawaii
SMU15000006562300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
5.26%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the nursing and residential care facilities industry in Hawaii. It is an important indicator of the health of the healthcare sector and labor market in the state.
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 Hawaii data series tracks the number of individuals employed in nursing homes, assisted living facilities, and other residential care providers in the state. This metric is used by economists and policymakers to assess the strength of Hawaii's healthcare industry and labor force.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend provides insights into the healthcare workforce and can inform policy decisions related to the long-term care industry in Hawaii.
Key Facts
- Hawaii has over 150 nursing and residential care facilities.
- The industry employs more than 20,000 workers in the state.
- Employment in this sector has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals employed in nursing homes, assisted living facilities, and other residential care providers in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the strength of Hawaii's healthcare industry and labor market, which is crucial for understanding the state's economic conditions and policy needs.
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 trend provides insights into the healthcare workforce and can inform policy decisions related to the long-term care industry in Hawaii.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Nursing and Residential Care Facilities in Hawaii (SMU15000006562300001A), retrieved from FRED.