All Employees: Financial Activities: Finance and Insurance in Massachusetts
SMS25000005552000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
178.70
Year-over-Year Change
0.34%
Date Range
1/1/1990 - 6/1/2025
Summary
The All Employees: Financial Activities: Finance and Insurance in Massachusetts trend measures the total number of employees in the finance and insurance industry in the state of Massachusetts. This metric provides insights into the health and growth of the local financial 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 series tracks the total number of employees in the finance and insurance industry in Massachusetts, which includes businesses engaged in banking, investment, insurance, and related financial services. It is a key indicator of economic activity and employment trends in the state's important financial services sector.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to gauge the performance and competitiveness of Massachusetts' financial industry.
Key Facts
- Massachusetts is a major financial hub in the northeastern U.S.
- The finance and insurance sector accounts for over 8% of the state's GDP.
- Employment in this industry has grown by 12% in Massachusetts over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the finance and insurance industry in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and growth of Massachusetts' important financial services sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of 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 gauge the performance and competitiveness of Massachusetts' financial industry, which is crucial for the state's overall economic development.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Finance and Insurance in Massachusetts (SMS25000005552000001), retrieved from FRED.