Management of Companies and Enterprises Wages and Salaries in Massachusetts
MAWMAN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,290,719.00
Year-over-Year Change
34.87%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Management of Companies and Enterprises Wages and Salaries in Massachusetts' series measures the average wages and salaries paid to workers in the management of companies and enterprises industry within the state of Massachusetts. This metric is a key indicator of economic activity and labor market trends in the sector.
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 economic series tracks the compensation levels for employees in managerial roles across companies and enterprises headquartered or operating in Massachusetts. It provides insights into the state's labor market dynamics and cost structures for this important business services industry.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and health of Massachusetts' management and enterprise sector.
Key Facts
- Massachusetts has the 3rd largest management industry in the U.S.
- Wages in this sector are 35% higher than the state's overall average
- The series has been tracked since 1990
FAQs
Q: What does this economic trend measure?
A: This series tracks the average wages and salaries paid to workers employed in the management of companies and enterprises industry within Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the compensation levels and labor market dynamics of an important business services sector in Massachusetts, which can inform economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to assess the competitiveness and health of Massachusetts' management and enterprise sector, which is a key driver of the state's economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Management of Companies and Enterprises Wages and Salaries in Massachusetts (MAWMAN), retrieved from FRED.