All Employees: Health Care: Offices of Physicians in Minnesota
SMU27000006562110001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.60
Year-over-Year Change
22.43%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in physician offices located in the state of Minnesota. It provides important insights into the healthcare sector and labor market conditions within 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: Health Care: Offices of Physicians in Minnesota data series tracks the total number of people employed in physician offices across the state. This metric is a key indicator of activity and workforce trends in Minnesota's healthcare industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is widely used by policymakers, researchers, and industry analysts to monitor the health of Minnesota's healthcare sector and labor market.
Key Facts
- Minnesota has over 23,000 physician office employees.
- Physician office jobs account for 15% of the state's healthcare workforce.
- Employment in this sector has grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in physician offices located in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the healthcare sector and labor market conditions within Minnesota, which is crucial information for policymakers, researchers, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is widely used by policymakers, researchers, and industry analysts to monitor the health of Minnesota's healthcare sector and labor market.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-month lag.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Offices of Physicians in Minnesota (SMU27000006562110001A), retrieved from FRED.