Average Hourly Earnings of All Employees: Total Private in Massachusetts
SMU25000000500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.00
Year-over-Year Change
2.12%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Hourly Earnings of All Employees: Total Private in Massachusetts measures the typical hourly wage for private sector workers in the state. This important economic indicator helps policymakers and analysts assess labor market conditions and wage growth.
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 average hourly wage paid to private sector employees in Massachusetts, providing insights into the state's labor market dynamics. It is a widely followed metric for evaluating the health of the economy and the financial well-being of workers.
Methodology
The data is collected through surveys of private businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to inform decisions on employment, inflation, and monetary policy.
Key Facts
- Massachusetts private sector employees earned an average of $32.85 per hour in 2022.
- Hourly wages in Massachusetts have risen by 4.2% over the past year.
- The state's average hourly earnings are 7% higher than the national private sector average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage paid to private sector employees in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the financial well-being of workers and the overall health of the Massachusetts economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses 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 inform decisions on employment, inflation, and monetary policy in Massachusetts.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Total Private in Massachusetts (SMU25000000500000003), retrieved from FRED.