All Employees: Education and Health Services: Offices of Physicians in Massachusetts
SMU25000006562110001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.90
Year-over-Year Change
-0.67%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the offices of physicians industry in Massachusetts. It provides insights into the health of the state's medical services sector, which is an important component of the overall economy.
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 Massachusetts series tracks the monthly change in employment levels for physician offices located in the state. This data is used by economists and policymakers to assess the labor market conditions and economic performance of the healthcare industry in Massachusetts.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in physician office employment are closely monitored as an indicator of healthcare sector activity and consumer demand for medical services.
Key Facts
- Massachusetts has over 35,000 physicians employed in offices.
- Physician office employment accounts for over 10% of the state's total healthcare workforce.
- Employment in this sector has grown by 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in physician offices located in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: Trends in physician office employment provide insight into the health and growth of the healthcare industry, which is a critical sector of the Massachusetts 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 and economists monitor physician office employment as an indicator of healthcare sector activity and consumer demand for medical services.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Offices of Physicians in Massachusetts (SMU25000006562110001), retrieved from FRED.