Forestry, Fishing, Related Activities, and Other Earnings in Massachusetts
MAEFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
509,728.00
Year-over-Year Change
-15.84%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Forestry, Fishing, Related Activities, and Other Earnings in Massachusetts' series measures the total earnings in this sector within the state of Massachusetts. This data provides insight into the economic activity and income generation of these important natural resource industries.
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 series tracks the total compensation, including wages and salaries, of workers in the forestry, fishing, and related natural resource extraction industries located in Massachusetts. It is a key indicator of the economic health and productivity of these sectors within the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and individuals.
Historical Context
Policymakers and analysts use this data to assess the performance and contribution of Massachusetts' natural resource-based industries to the overall state economy.
Key Facts
- Massachusetts is a leading producer of cranberries, lobster, and other seafood.
- Forestry and logging are important industries in the western part of the state.
- Natural resource-based sectors account for over 3% of Massachusetts' GDP.
FAQs
Q: What does this economic trend measure?
A: This series measures the total earnings, including wages and salaries, of workers in the forestry, fishing, and related natural resource extraction industries located in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic activity and income generation of these important natural resource industries within the state of Massachusetts, which is useful for policymakers and analysts assessing the performance and contribution of these sectors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and individuals.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the performance and contribution of Massachusetts' natural resource-based industries to the overall state economy.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, with potential delays of several months in availability.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities, and Other Earnings in Massachusetts (MAEFOR), retrieved from FRED.