All Employees: Health Care: Offices of Physicians in Alabama
SMU01000006562110001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.70
Year-over-Year Change
15.92%
Date Range
1/1/2002 - 1/1/2024
Summary
This economic trend tracks the total number of employees in offices of physicians in the state of Alabama. It provides important insights into the health care industry workforce and economic activity 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: Health Care: Offices of Physicians in Alabama metric measures the total employment levels at physician offices located within the state. This data point is useful for analyzing trends in the medical services sector and understanding regional economic conditions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, healthcare analysts, and economists to assess the strength of Alabama's medical services industry.
Key Facts
- Alabama has over 16,000 physicians employed in the state.
- Physician office jobs account for nearly 20% of Alabama's healthcare workforce.
- Employment in Alabama physician offices has grown by 12% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees working in physician offices located within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the strength and growth of Alabama's healthcare industry, which is a key driver of the state's economy.
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: Policymakers, healthcare analysts, and economists closely monitor this employment trend to assess the strength of Alabama's medical services industry and broader economic conditions.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Offices of Physicians in Alabama (SMU01000006562110001A), retrieved from FRED.