All Employees: Education and Health Services: Offices of Physicians in Maryland
SMU24000006562110001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.80
Year-over-Year Change
1.91%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the offices of physicians in Maryland, a key component of the education and health services sector. It provides valuable insights into the labor market and economic activity in the healthcare industry.
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: Offices of Physicians in Maryland series tracks the total number of individuals employed in physician offices across the state. This metric is used by economists and policymakers to analyze trends in healthcare sector employment and overall economic conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) program, a monthly survey of businesses and government agencies.
Historical Context
This trend is closely monitored by industry analysts and policymakers to gauge the health and growth of the medical services sector in Maryland.
Key Facts
- The series is seasonally adjusted to account for regular fluctuations.
- Physician office employment is a key indicator of the local healthcare industry.
- Data is reported monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in physician offices across the state of Maryland, a key component of the education and health services sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the labor market and economic activity in the healthcare industry, which is a major driver of Maryland's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) program, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by industry analysts and policymakers to gauge the health and growth of the medical services sector in Maryland, which informs economic and healthcare policies.
Q: Are there update delays or limitations?
A: The data is reported monthly by the U.S. Bureau of Labor Statistics, with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Offices of Physicians in Maryland (SMU24000006562110001), retrieved from FRED.