All Employees: Health Care: Nursing and Residential Care Facilities in Indiana
SMU18000006562300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.40
Year-over-Year Change
2.58%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the nursing and residential care facilities industry in Indiana. It is an important indicator of the health and size of this sector within the state's economy.
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 Indiana metric tracks the total number of individuals employed in this industry, which includes nursing homes, assisted living facilities, and other long-term care providers. It offers insights into the scale and labor force dynamics of this critical healthcare segment.
Methodology
The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and healthcare providers to understand the evolving workforce and capacity within Indiana's nursing and residential care sector.
Key Facts
- Indiana has over 100,000 employees in nursing and residential care facilities.
- The sector accounts for nearly 3% of the state's total nonfarm employment.
- Employment in this industry has grown steadily over 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 in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the scale and labor dynamics of a critical healthcare sector within Indiana's economy, which is vital information for policymakers, industry stakeholders, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and industry analysts to understand the evolving workforce and capacity within Indiana's nursing and residential care sector, which informs healthcare, labor, and economic development policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Nursing and Residential Care Facilities in Indiana (SMU18000006562300001A), retrieved from FRED.