All Employees: Health Care: General Medical and Surgical Hospitals in Pennsylvania
SMU42000006562210001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
247.90
Year-over-Year Change
3.72%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in general medical and surgical hospitals in Pennsylvania. It provides important insights into the labor force and economic activity within the healthcare 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: Health Care: General Medical and Surgical Hospitals in Pennsylvania trend tracks the total number of people employed at general medical and surgical hospitals located in the state. This metric is a key indicator of the size and strength of Pennsylvania's healthcare sector and its contribution to the overall state economy.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and industry analysts to understand the healthcare labor market and broader economic conditions in Pennsylvania.
Key Facts
- Pennsylvania has over 230 general medical and surgical hospitals.
- Healthcare is one of the largest private-sector employers in the state.
- Employment in this sector has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in general medical and surgical hospitals located in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides important insights into the size and strength of Pennsylvania's healthcare industry, which is a major contributor to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted 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 understand labor market conditions and broader economic developments in Pennsylvania's healthcare sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Health Care: General Medical and Surgical Hospitals in Pennsylvania (SMU42000006562210001A), retrieved from FRED.