All Employees: Education and Health Services: Hospitals in Massachusetts
SMU25000006562200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
204.57
Year-over-Year Change
0.00%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of employees in the hospitals industry in Massachusetts. It is an important indicator of labor market conditions and healthcare sector activity in the state.
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: Hospitals in Massachusetts series tracks the total number of workers employed by hospitals in the Commonwealth of Massachusetts. This metric provides insight into the size and growth of the healthcare industry, which is a key driver of the state's economy.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the economic health and labor market dynamics of Massachusetts' healthcare sector.
Key Facts
- Massachusetts has over 80,000 hospital employees.
- Hospitals are the largest employer in the state's healthcare industry.
- Healthcare accounts for nearly 15% of Massachusetts' total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed by hospitals in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and performance of Massachusetts' healthcare sector, a major driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the economic health and labor market dynamics of Massachusetts' healthcare industry.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag and may be subject to revision.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Hospitals in Massachusetts (SMU25000006562200001SA), retrieved from FRED.