Employed Persons in Massachusetts
LAUST250000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,744,201.00
Year-over-Year Change
14.16%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Employed Persons in Massachusetts' statistic measures the number of employed individuals in the state of Massachusetts. This trend is a key indicator of the state's labor market and economic activity.
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
This data series tracks the total number of people employed in Massachusetts, including both private and public sector workers. It provides insights into the overall health and direction of the state's economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use this metric to assess the strength of Massachusetts' job market and make informed decisions.
Key Facts
- Massachusetts has a population of over 6.9 million people.
- The state's unemployment rate is currently below the national average.
- The largest employers in Massachusetts are in the healthcare, technology, and education sectors.
FAQs
Q: What does this economic trend measure?
A: The 'Employed Persons in Massachusetts' statistic measures the total number of people employed in the state, including both private and public sector workers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the strength and direction of Massachusetts' labor market and overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the health of Massachusetts' job market and make informed decisions about economic policies and initiatives.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, with some potential for minor delays in publication.
Related Trends
State Government Tax Collections, General Sales and Gross Receipts Taxes in Massachusetts
MASALESTAX
Proprietors' Nonfarm Income in Massachusetts
MAONON
Number of Mutual Savings Banks in Massachusetts
X08MSBTMA
Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in Massachusetts
MAPAPMANQGSP
Real Gross Domestic Product: Social Assistance (624) in Massachusetts
MASOCASSRGSP
Gross Domestic Product: Health Care and Social Assistance (62) in Massachusetts
MAHLTHSOCASSNQGSP
Citation
U.S. Federal Reserve, Employed Persons in Massachusetts (LAUST250000000000005A), retrieved from FRED.