All Employees: Utilities in Massachusetts
SMU25000004322000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.40
Year-over-Year Change
25.25%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Utilities in Massachusetts' trend measures the total number of workers employed in the utilities industry within the state of Massachusetts. This data provides insight into the economic health and labor market dynamics of the utilities sector in the state.
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 utilities industry, which includes electric power generation, natural gas distribution, and water treatment and supply. It is an important indicator of economic activity and investment in essential infrastructure services within Massachusetts.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to assess the vitality of the utilities industry and its role in the broader Massachusetts economy.
Key Facts
- Massachusetts utilities industry employs over 17,000 workers.
- Utilities jobs account for 0.5% of total Massachusetts employment.
- The utilities sector in Massachusetts has seen steady job growth since 2010.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Utilities in Massachusetts' trend measures the total number of workers employed in the utilities industry within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic health and labor market dynamics of the utilities sector in Massachusetts, which is an important part of the state's infrastructure and 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 monitor this trend to assess the vitality of the utilities industry and its role in the broader Massachusetts economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Utilities in Massachusetts (SMU25000004322000001A), retrieved from FRED.