Administrative and Waste Services Earnings in Massachusetts
MAEADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,955,208.00
Year-over-Year Change
10.24%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Earnings in Massachusetts series measures average hourly earnings for workers in the administrative and waste services industry in the state of Massachusetts. This statistic is important for economists and policymakers to understand labor market trends and cost pressures.
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 from the U.S. Bureau of Labor Statistics tracks earnings for employees in industries such as administrative support, facilities management, and waste management services. It provides insight into wage dynamics and compensation levels within an important sector of the Massachusetts economy.
Methodology
The data is collected through the Current Employment Statistics survey of businesses and government agencies.
Historical Context
Monitoring trends in administrative and waste services earnings can inform decisions around economic policy, workforce development, and regional competitiveness.
Key Facts
- Massachusetts administrative/waste earnings averaged $25.17 per hour in 2022.
- Earnings in this sector have risen 19% over the past 5 years.
- Administrative and waste services account for over 300,000 jobs in Massachusetts.
FAQs
Q: What does this economic trend measure?
A: This data series tracks average hourly earnings for workers employed in administrative and waste services industries located in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: Monitoring earnings in this sector provides insight into labor market dynamics and cost pressures facing businesses in an important part of the Massachusetts economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey of employers.
Q: How is this trend used in economic policy?
A: Trends in administrative and waste services earnings can inform decisions around workforce development, regional competitiveness, and other economic policies at the state level.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Bureau of Labor Statistics, Administrative and Waste Services Earnings in Massachusetts (MAEADM), retrieved from FRED.