All Employees: Education and Health Services: Offices of Physicians in Pennsylvania
SMU42000006562110001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.01
Year-over-Year Change
1.96%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the offices of physicians in Pennsylvania, a key indicator of the health services industry 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: Offices of Physicians in Pennsylvania' series tracks the number of people employed in physician offices, a crucial component of the state's healthcare sector. This data provides insights into the economic health and labor dynamics of Pennsylvania's medical services industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and industry analysts to assess the strength of Pennsylvania's healthcare market.
Key Facts
- Pennsylvania has over 40,000 physicians' offices.
- The healthcare sector accounts for over 12% of the state's GDP.
- Physician office employment has grown by 15% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in physician offices in the state of Pennsylvania, providing insights into the healthcare industry's labor force.
Q: Why is this trend relevant for users or analysts?
A: This employment data is a key indicator of the economic health and labor dynamics within Pennsylvania's medical services sector, which is a significant driver of the state's economy.
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: Policymakers, economists, and industry analysts closely monitor this employment trend to assess the strength and growth of Pennsylvania's healthcare market, which informs economic and healthcare policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and methodological limitations of the Bureau of Labor Statistics' establishment surveys, which may result in minor delays or revisions to the reported employment figures.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Offices of Physicians in Pennsylvania (SMU42000006562110001SA), retrieved from FRED.