Forestry, Fishing, Related Activities and Other Wages and Salaries in Massachusetts
MAWFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
206,700.00
Year-over-Year Change
-35.55%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures the wages and salaries in the forestry, fishing, and related activities sector in Massachusetts. It provides insight into economic conditions and labor market dynamics in this industry.
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 Forestry, Fishing, Related Activities and Other Wages and Salaries in Massachusetts series tracks the total compensation paid to employees in this sector across the state. It is a key indicator of industry performance and can inform policy decisions related to natural resource management and regional economic development.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor the health and competitiveness of Massachusetts' natural resource-based economy.
Key Facts
- Wages in this sector account for 0.5% of total Massachusetts wages.
- The average annual wage is $47,200, below the state average of $68,900.
- Employment in this sector has declined by 12% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total wages and salaries paid to employees in the forestry, fishing, and related activities sector in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic conditions and labor market dynamics in Massachusetts' natural resource-based industries, which can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers in the forestry, fishing, and related activities sector.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to monitor the health and competitiveness of Massachusetts' natural resource-based economy and inform decisions related to resource management and regional economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities and Other Wages and Salaries in Massachusetts (MAWFOR), retrieved from FRED.