All Employees: Health Care and Social Assistance in Wisconsin
SMU55000006562000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
423.60
Year-over-Year Change
14.89%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Health Care and Social Assistance in Wisconsin' trend measures the total number of people employed in the health care and social assistance sectors within the state of Wisconsin. This metric is important for economists and policymakers to understand workforce dynamics and industry growth.
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
This series tracks the total employment in Wisconsin's health care and social assistance industries, which include hospitals, nursing and residential care facilities, and individual and family services. It provides insights into the strength and composition of the state's health and human services labor market.
Methodology
The data is collected through monthly surveys of Wisconsin employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this trend to inform decisions about workforce development, infrastructure investment, and public health program planning.
Key Facts
- Wisconsin's health care and social assistance sector employs over 500,000 people.
- Employment in this sector has grown by 10% over the past 5 years.
- Hospitals make up the largest share of jobs within this industry in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the health care and social assistance sectors within the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength and composition of Wisconsin's health and human services labor market, which is important for workforce development, infrastructure investment, and public health program planning.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Wisconsin employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to inform decisions about workforce development, infrastructure investment, and public health program planning in Wisconsin.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Health Care and Social Assistance in Wisconsin (SMU55000006562000001A), retrieved from FRED.