All Employees: Health Care: Hospitals in Pennsylvania
SMU42000006562200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
278.30
Year-over-Year Change
2.69%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the hospital industry in Pennsylvania. It provides important insights into the health care sector's workforce and economic 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: Health Care: Hospitals in Pennsylvania series tracks the total number of individuals employed by hospitals in the state. This metric is used by economists and policymakers to monitor workforce trends and analyze the economic health of Pennsylvania's health care industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the economic conditions and labor market dynamics in Pennsylvania's health care sector.
Key Facts
- Pennsylvania has over 250 hospitals.
- The hospital industry is a major employer in the state.
- Employment in Pennsylvania hospitals has been relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the hospital industry in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic health and labor market dynamics of Pennsylvania's health care sector, which is a major industry and employer in the state.
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: Economists and policymakers use this trend to monitor the workforce and economic conditions in Pennsylvania's health care industry, which informs policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Hospitals in Pennsylvania (SMU42000006562200001A), retrieved from FRED.