All Employees: Health Care: Offices of Physicians in Illinois
SMU17000006562110001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.90
Year-over-Year Change
6.20%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in offices of physicians in Illinois. It provides valuable insights into the healthcare industry's 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 Illinois trend tracks the total number of people employed in physician's offices across the state. This data is a key indicator of the healthcare sector's economic performance and can inform workforce planning, policy decisions, and investment strategies.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to monitor the healthcare industry's labor market and economic conditions in Illinois.
Key Facts
- Illinois has over 50,000 physicians in offices across the state.
- The healthcare sector is one of the largest employers in Illinois.
- Physician office employment has grown steadily in Illinois over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in offices of physicians located in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the healthcare industry's workforce and economic activity in Illinois, which is important for policymakers, economists, and industry analysts.
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 trend is widely used by economists, policymakers, and industry analysts to monitor the healthcare industry's labor market and economic conditions in Illinois, which can inform workforce planning, policy decisions, and investment strategies.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with typical update delays of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Offices of Physicians in Illinois (SMU17000006562110001A), retrieved from FRED.