Employed full time: Wage and salary workers: Medical transcriptionists occupations: 16 years and over
LEU0257871800A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.00
Year-over-Year Change
-23.33%
Date Range
1/1/2011 - 1/1/2024
Summary
This trend tracks the number of full-time wage and salary workers employed as medical transcriptionists aged 16 and over in the United States. It provides insight into employment patterns in this specialized healthcare occupation.
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 Employed full time: Wage and salary workers: Medical transcriptionists occupations: 16 years and over data series measures the total employment of full-time medical transcriptionists in the U.S. labor force. This metric is used by economists and policymakers to analyze workforce trends and labor market conditions in the healthcare sector.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This employment trend is relevant for understanding labor supply and productivity in the medical services industry.
Key Facts
- Medical transcriptionists convert healthcare providers' dictations into written reports.
- Demand for medical transcriptionists has declined due to increased use of speech recognition technology.
- Employment of medical transcriptionists is projected to decline by 3% from 2020 to 2030.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of full-time wage and salary workers employed as medical transcriptionists aged 16 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into employment patterns and labor market conditions in the healthcare sector, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This employment trend is relevant for understanding labor supply and productivity in the medical services industry, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of the Current Population Survey.
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Citation
U.S. Federal Reserve, Employed full time: Wage and salary workers: Medical transcriptionists occupations: 16 years and over (LEU0257871800A), retrieved from FRED.