All Employees: Education and Health Services: Offices of Physicians in Massachusetts
SMU25000006562110001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.12
Year-over-Year Change
-0.15%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the offices of physicians in Massachusetts, a key component of the education and health services sector. It provides insights into the state's healthcare industry and labor market.
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 total number of individuals employed in physician offices across the state. This data is used by economists and policymakers to analyze trends in the healthcare industry and labor market.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the health of Massachusetts' economy and evaluating policies affecting the healthcare sector.
Key Facts
- Massachusetts has over 50,000 people employed in physician offices.
- The healthcare sector is a major contributor to the state's economy.
- Employment in physician offices has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in physician offices across the state of Massachusetts, which is a key component of the education and health services sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health of Massachusetts' healthcare industry and labor market, making it relevant for economists, policymakers, and others analyzing economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to evaluate the healthcare sector and inform policies that may impact the industry and labor market in Massachusetts.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, with some potential for delays in data reporting.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Offices of Physicians in Massachusetts (SMU25000006562110001SA), retrieved from FRED.