All Employees: Education and Health Services: Offices of Physicians in Minnesota
SMU27000006562110001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.86
Year-over-Year Change
6.82%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in offices of physicians within the education and health services sector in Minnesota. It provides insights into the health of the state's medical industry and labor market.
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: Offices of Physicians in Minnesota series tracks the number of people employed in physician offices, a key component of the state's healthcare system. This data helps economists and policymakers understand trends in medical service provision and labor force dynamics.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used to analyze the health of Minnesota's medical industry and inform economic and workforce development policies.
Key Facts
- Minnesota has over 25,000 physicians employed in offices.
- Employment in physician offices grew by 3% in the past year.
- The healthcare sector accounts for over 15% of Minnesota's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in offices of physicians within the education and health services sector in Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health of Minnesota's medical industry and labor market, which is crucial for economic and workforce development planning.
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 employment trend is used to analyze the health of Minnesota's medical industry and inform economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Offices of Physicians in Minnesota (SMU27000006562110001SA), retrieved from FRED.