All Employees: Education and Health Services: Hospitals in Minnesota
SMU27000006562200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.16
Year-over-Year Change
5.00%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the hospitals industry within the education and health services sector in the state of Minnesota. It provides valuable insights into the healthcare 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: Education and Health Services: Hospitals in Minnesota trend tracks the monthly employment levels in the hospital industry, which is a crucial component of the healthcare system and a significant contributor to the state's economy. This data is used by economists, policymakers, and industry analysts to monitor labor market conditions and inform decision-making.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the healthcare industry's economic performance and labor market dynamics in Minnesota, which can inform policy decisions and business strategies.
Key Facts
- Minnesota's hospitals employ over 180,000 workers.
- The hospitals industry is the largest employer within the education and health services sector in the state.
- Employment in Minnesota's hospitals has grown by 10% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the hospitals industry within the education and health services sector in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the healthcare workforce and economic activity in Minnesota, which is important for understanding labor market conditions and informing policy and business decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to monitor the healthcare industry's economic performance and labor market dynamics in Minnesota, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Hospitals in Minnesota (SMU27000006562200001SA), retrieved from FRED.