All Employees: Education and Health Services: Nursing and Residential Care Facilities in Maine
SMU23000006562300001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.00
Year-over-Year Change
3.14%
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 in Maine. It provides insight into the state's healthcare and social assistance sector.
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 Maine data series tracks the total employment levels in this key industry. It is used by economists and policymakers to monitor labor market trends and the healthcare workforce in the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend offers important context for Maine's healthcare policies and economic development.
Key Facts
- Maine has over 30,000 employees in nursing and residential care facilities.
- This industry accounts for 10% of total employment 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 tracks the total number of people employed in the nursing and residential care facilities industry in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insight into the healthcare workforce and labor market conditions in Maine, which is crucial for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend offers important context for Maine's healthcare policies and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month release lag.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Nursing and Residential Care Facilities in Maine (SMU23000006562300001), retrieved from FRED.