All Employees: Professional and Business Services: Management of Companies and Enterprises in Massachusetts
SMS25000006055000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.70
Year-over-Year Change
1.20%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the professional and business services sector, specifically in the management of companies and enterprises industry in Massachusetts. It provides insight into the state's economic activity and labor market dynamics.
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 All Employees: Professional and Business Services: Management of Companies and Enterprises in Massachusetts series tracks the employment levels in this key industry, which includes companies that oversee and manage other organizations. This data point is useful for analyzing trends in the state's professional services sector and broader economic conditions.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through establishment surveys.
Historical Context
This trend is relevant for policymakers, economists, and businesses to understand Massachusetts' economic performance and labor market trends.
Key Facts
- Massachusetts is a leading hub for professional and business services.
- The management of companies and enterprises industry is a key component of the state's economy.
- Employment in this sector can signal broader economic conditions in Massachusetts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the professional and business services sector, specifically in the management of companies and enterprises industry, within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and activity of a key industry in Massachusetts, which can signal broader economic conditions in the state and be useful for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through establishment surveys.
Q: How is this trend used in economic policy?
A: This trend can be used by policymakers, economists, and businesses to understand labor market dynamics and economic performance in Massachusetts.
Q: Are there update delays or limitations?
A: There may be some delay in data updates, as the information is collected through establishment surveys. Users should check the latest available data.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Management of Companies and Enterprises in Massachusetts (SMS25000006055000001), retrieved from FRED.