All Employees: Health Care: Nursing and Residential Care Facilities in Louisiana
SMU22000006562300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.20
Year-over-Year Change
-0.48%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the nursing and residential care facilities industry in Louisiana. It is an important indicator of labor market conditions and healthcare sector activity 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 Louisiana metric represents the total number of people employed in this key healthcare subsector. It provides insights into workforce trends and the operational status of nursing homes, assisted living facilities, and other long-term care providers across Louisiana.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and healthcare analysts monitor this metric to assess the strength and resilience of Louisiana's long-term care industry.
Key Facts
- Louisiana has over 60,000 employees in the nursing and residential care facilities industry.
- This sector accounts for approximately 3% of the state's total nonfarm employment.
- Employment in this industry has grown by 10% in Louisiana over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of people employed in the nursing and residential care facilities industry across Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the strength and resilience of Louisiana's long-term healthcare sector, which is a key part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and healthcare analysts monitor this metric to assess the state of Louisiana's long-term care industry and its implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month lag, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Nursing and Residential Care Facilities in Louisiana (SMU22000006562300001A), retrieved from FRED.