All Employees: Education and Health Services: Nursing and Residential Care Facilities in Illinois
SMU17000006562300001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.53
Year-over-Year Change
3.03%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the nursing and residential care facilities industry within Illinois. This data is important for economists and policymakers to understand the state of healthcare employment and workforce trends.
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 Illinois series tracks the total number of individuals employed in this sector. It provides insight into the labor market conditions and economic activity within the healthcare industry in Illinois.
Methodology
The data is collected through monthly surveys of businesses and establishments in Illinois.
Historical Context
This employment trend is closely monitored by policymakers and industry analysts to inform workforce planning and healthcare policy decisions.
Key Facts
- Illinois has over 1,000 nursing and residential care facilities.
- The industry employs over 200,000 workers in the state.
- Employment in this sector has grown by 10% in the past decade.
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 within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the healthcare workforce and economic conditions in Illinois, which can inform policy decisions and business planning.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and establishments in Illinois.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by policymakers and industry analysts to inform workforce planning and healthcare policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical 1-2 month delay 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 Illinois (SMU17000006562300001SA), retrieved from FRED.