All Employees: Education and Health Services: Nursing and Residential Care Facilities in Minnesota
SMU27000006562300001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.19
Year-over-Year Change
5.80%
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 Minnesota. It provides important insights into the healthcare workforce 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 Minnesota data series tracks the total number of people employed in this key sector of the state's economy. It offers a reliable indicator of the size and health of this critical healthcare industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and industry analysts to understand workforce dynamics and inform decisions related to healthcare and the state's economic development.
Key Facts
- Minnesota has over 200,000 employees in nursing and residential care facilities.
- Employment in this sector has grown by 15% over the past decade.
- Nursing and residential care is one of the largest healthcare employers in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the nursing and residential care facilities industry in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the healthcare workforce and labor market dynamics in Minnesota, which is crucial for policymakers, economists, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by policymakers, economists, and industry analysts to understand workforce dynamics and inform decisions related to healthcare and the state's economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Nursing and Residential Care Facilities in Minnesota (SMU27000006562300001SA), retrieved from FRED.