All Employees: Health Care: Ambulatory Health Care Services in Minnesota
SMU27000006562100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
166.70
Year-over-Year Change
26.67%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of people employed in the ambulatory health care services industry in Minnesota. It provides insight into the state's healthcare workforce and economic activity in this crucial 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: Ambulatory Health Care Services in Minnesota series tracks employment levels in outpatient facilities such as physician offices, home healthcare services, and medical laboratories. This data is used by economists and policymakers to analyze labor market conditions and healthcare industry trends in the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the healthcare labor market and economic performance in Minnesota.
Key Facts
- Minnesota's ambulatory healthcare sector employs over 250,000 workers.
- This industry accounts for nearly 10% of the state's total nonfarm employment.
- Employment in ambulatory healthcare has grown over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the ambulatory health care services industry in Minnesota, including outpatient facilities like physician offices and medical laboratories.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the healthcare workforce and economic activity in Minnesota, which is crucial for understanding labor market conditions and industry trends 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: This employment trend is relevant for policymakers and economists analyzing the healthcare labor market and overall economic performance in Minnesota.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Ambulatory Health Care Services in Minnesota (SMU27000006562100001A), retrieved from FRED.