Other Services (Except Public Administration) Wages and Salaries in Massachusetts
MAWOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,109,370.00
Year-over-Year Change
15.73%
Date Range
1/1/1998 - 1/1/2025
Summary
The Other Services (Except Public Administration) Wages and Salaries in Massachusetts series measures the total compensation paid to workers in this sector within the state. It provides insights into employment and earnings trends in this important part of the economy.
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 wages and salaries of employees in a diverse range of service industries in Massachusetts, excluding public administration. It is a key indicator of economic activity and labor market conditions in the state.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely used by economists, policymakers, and analysts to assess the health of the Massachusetts service economy.
Key Facts
- The Other Services sector includes industries like repair, personal care, and religious organizations.
- Massachusetts has a large and diverse service economy, accounting for over 60% of the state's GDP.
- Wages in this sector have grown steadily in Massachusetts over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the total wages and salaries paid to workers in the Other Services (Except Public Administration) sector in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into employment, earnings, and economic activity in an important part of the Massachusetts economy.
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: Economists and policymakers use this metric to assess the health of the Massachusetts service economy and labor market conditions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months.
Related Trends
Average Hourly Earnings of All Employees: Construction in Massachusetts
SMU25000002000000003
Health Care and Social Assistance Earnings in Massachusetts
MAEHEA
Pandemic Emergency Unemployment Compensation Continued Claims in Massachusetts
PEUCCCMA
Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Massachusetts
MATRANGRNDTRANQGSP
Real Gross Domestic Product: Social Assistance (624) in Massachusetts
MASOCASSRGSP
Imports of Goods: Manufactured Commodities for Massachusetts
IMPMANMA
Citation
U.S. Federal Reserve, Other Services (Except Public Administration) Wages and Salaries in Massachusetts (MAWOTH), retrieved from FRED.