All Employees: Education and Health Services: Home Health Care Services in Massachusetts
SMU25000006562160001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.10
Year-over-Year Change
4.50%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'All Employees: Education and Health Services: Home Health Care Services in Massachusetts' trend measures the number of people employed in the home health care services industry in Massachusetts. This data is important for understanding the health of the state's healthcare sector 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
This economic trend tracks the total number of employees in the home health care services industry in Massachusetts. It provides insight into the size and growth of this critical component of the state's healthcare system and labor force.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used by policymakers, economists, and industry analysts to assess the strength of Massachusetts' healthcare industry and identify workforce trends.
Key Facts
- The home health care services industry employed over 62,000 people in Massachusetts as of the latest data.
- Employment in this sector has grown by over 25% in the past decade.
- Home health care is a critical component of Massachusetts' $60 billion healthcare industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the home health care services industry in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insight into the strength and growth of Massachusetts' healthcare sector, which is a major 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, economists, and industry analysts use this employment trend to assess the health of Massachusetts' healthcare industry and workforce.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a short delay for processing and publication.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Home Health Care Services in Massachusetts (SMU25000006562160001), retrieved from FRED.