Nondurable Manufacturing Wages and Salaries in Massachusetts
MAWNON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,594,660.00
Year-over-Year Change
9.72%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Nondurable Manufacturing Wages and Salaries in Massachusetts' series measures the total wages and salaries paid to employees in the nondurable manufacturing sector within the state of Massachusetts. This data provides insights into the economic activity and labor market conditions in a key 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
Nondurable manufacturing encompasses industries that produce goods that are quickly consumed or have a short lifespan, such as food, clothing, and chemicals. This data series is an important indicator of economic performance and can inform policy decisions related to the state's industrial and labor market.
Methodology
The data is collected through surveys of Massachusetts employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the health of the state's manufacturing sector and its contribution to the overall economy.
Key Facts
- Massachusetts is a major hub for nondurable manufacturing.
- Wages in this sector have grown steadily over the past decade.
- Nondurable manufacturing accounts for a significant portion of the state's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total wages and salaries paid to employees in the nondurable manufacturing sector within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic activity and labor market conditions in a key industry, which is important for understanding the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Massachusetts employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of the state's manufacturing sector and its contribution to the overall economy, which can inform policy decisions related to industrial and labor market development.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Labor Statistics, but there may be occasional delays or revisions to the published figures.
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Citation
U.S. Federal Reserve, Nondurable Manufacturing Wages and Salaries in Massachusetts (MAWNON), retrieved from FRED.