All Employees: Education and Health Services: Nursing and Residential Care Facilities in South Carolina
SMU45000006562300001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.60
Year-over-Year Change
4.11%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the nursing and residential care facilities industry in South Carolina. It provides valuable insights into the labor market and healthcare sector 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 South Carolina series tracks the monthly employment levels in this critical healthcare subsector. It is an important indicator of economic activity and workforce trends in South Carolina's healthcare industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, healthcare organizations, and labor market analysts to understand workforce dynamics and labor supply in the nursing and residential care industry.
Key Facts
- South Carolina has over 100,000 employees in nursing and residential care facilities.
- Employment in this sector has grown by 10% over the past 5 years.
- The nursing and residential care industry is a major employer in many South Carolina communities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in nursing and residential care facilities in the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding workforce dynamics, labor supply, and economic activity in South Carolina's healthcare sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, healthcare organizations, and labor market analysts use this data to monitor workforce trends and labor supply in the nursing and residential care industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Nursing and Residential Care Facilities in South Carolina (SMU45000006562300001), retrieved from FRED.