Administrative and Waste Services Wages and Salaries in Massachusetts
MAWADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,942,282.00
Year-over-Year Change
8.52%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Wages and Salaries in Massachusetts metric tracks compensation trends in this critical economic sector. It provides valuable insights into the state's labor market dynamics.
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 measures the average wages and salaries paid to workers in administrative and waste services industries within Massachusetts. It is an important indicator of economic activity and employment conditions in this key service sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health and competitiveness of Massachusetts' administrative services industries.
Key Facts
- Massachusetts has the 3rd largest administrative services sector in the U.S.
- Wages in this sector grew by 4.2% in 2022 compared to the prior year.
- The administrative and waste services industry employs over 300,000 workers in Massachusetts.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average wages and salaries paid to workers in administrative and waste services industries within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: It provides valuable insights into labor market conditions and economic activity in this critical service sector in Massachusetts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and competitiveness of Massachusetts' administrative services industries.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Wages and Salaries in Massachusetts (MAWADM), retrieved from FRED.