All Employees: Health Care: Offices of Physicians in Pennsylvania
SMU42000006562110001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.60
Year-over-Year Change
19.27%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures employment in offices of physicians in Pennsylvania, providing insight into the health of the state's healthcare sector.
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 Pennsylvania series tracks the number of people employed in physician offices across the state. It serves as an indicator of economic activity and labor demand in the 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 metric is closely watched by policymakers, economists, and healthcare industry analysts to gauge the strength of Pennsylvania's medical services sector.
Key Facts
- Pennsylvania has over 46,000 active physicians.
- The healthcare sector accounts for 13% of Pennsylvania's GDP.
- Physician offices employ over 100,000 people in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in offices of physicians across the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and economic activity of Pennsylvania's healthcare industry, which is a major driver of the state's economy.
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: Policymakers, economists, and healthcare industry analysts use this metric to gauge the strength of Pennsylvania's medical services sector and inform economic and healthcare policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Offices of Physicians in Pennsylvania (SMU42000006562110001A), retrieved from FRED.