All Employees: Education and Health Services: Nursing and Residential Care Facilities in Hawaii
SMU15000006562300001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.32
Year-over-Year Change
3.73%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the nursing and residential care facilities industry in Hawaii. It is an important indicator for monitoring 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: Education and Health Services: Nursing and Residential Care Facilities in Hawaii metric tracks the monthly employment levels at nursing homes, assisted living facilities, and other residential care providers across the state. This data helps policymakers and analysts understand workforce trends in a critical industry.
Methodology
The U.S. Bureau of Labor Statistics collects this data through its Current Employment Statistics survey of business establishments.
Historical Context
Tracking employment in the nursing and residential care sector provides insights into the healthcare industry and Hawaii's overall economic conditions.
Key Facts
- Hawaii has over 200 nursing and residential care facilities.
- Nursing and residential care is one of the largest healthcare employers in the state.
- Employment in this sector has grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the nursing and residential care facilities industry across Hawaii.
Q: Why is this trend relevant for users or analysts?
A: Tracking employment in this sector provides important insights into the healthcare industry and overall economic conditions in Hawaii.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey of business establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor workforce trends in a critical healthcare industry and assess the broader economic landscape in Hawaii.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Nursing and Residential Care Facilities in Hawaii (SMU15000006562300001SA), retrieved from FRED.