Average Weekly Earnings of All Employees: Goods Producing in Massachusetts
SMU25000000600000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,735.88
Year-over-Year Change
1.05%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the goods-producing sector in Massachusetts. It provides valuable insights into the state's labor market and cost of living.
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 Average Weekly Earnings of All Employees: Goods Producing in Massachusetts metric tracks the average weekly pay for workers in industries such as manufacturing, mining, and construction within the state. This data point is closely watched by economists and policymakers to gauge the economic health and purchasing power of Massachusetts workers.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to inform economic and labor market policies at the state and national level.
Key Facts
- Massachusetts is a major center of manufacturing and construction.
- Wages in the goods-producing sector impact consumer spending and the cost of living.
- This data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the goods-producing sector in Massachusetts, including industries like manufacturing, mining, and construction.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the economic health and purchasing power of Massachusetts workers, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic and labor market policies at the state and national level.
Q: Are there update delays or limitations?
A: This data is released monthly by the U.S. Bureau of Labor Statistics, with no significant update delays or limitations.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Goods Producing in Massachusetts (SMU25000000600000011), retrieved from FRED.