All Employees: Health Care: Home Health Care Services in Massachusetts
SMU25000006562160001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.00
Year-over-Year Change
27.27%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees in the home health care services industry in Massachusetts. It is an important indicator of the state's health care sector and can inform policymakers on industry growth and workforce trends.
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: Home Health Care Services in Massachusetts series tracks the total number of employees in the home health care services industry within the state. This data provides insight into the size and labor dynamics of this critical health care segment.
Methodology
The data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the state of Massachusetts' health care industry and make informed decisions.
Key Facts
- Massachusetts is a major hub for the home health care industry.
- Home health care services employ a significant portion of the state's health care workforce.
- This trend has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the home health care services industry within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the size and labor dynamics of Massachusetts' critical home health care services sector, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state of Massachusetts' health care industry and make informed decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of establishment surveys conducted by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Home Health Care Services in Massachusetts (SMU25000006562160001A), retrieved from FRED.