Average Weekly Earnings of All Employees: Information in Massachusetts
SMU25000005000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,403.04
Year-over-Year Change
8.31%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Information in Massachusetts trend measures the average weekly earnings for employees in the information industry in Massachusetts. This metric provides insight into wage levels and labor market dynamics in this key economic 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 data series tracks the average weekly earnings for all employees in the information industry in Massachusetts. The information sector encompasses fields like publishing, telecommunications, data processing, and other information-intensive activities. Analyzing this trend can offer valuable insights into labor market conditions and compensation trends within Massachusetts' information economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to understand the economic health and competitiveness of Massachusetts' information industry.
Key Facts
- The information sector accounts for over 6% of Massachusetts' GDP.
- Average weekly earnings in Massachusetts' information industry are 40% higher than the statewide average.
- This trend has shown steady growth over the past decade, reflecting the state's prominence in tech and digital media.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Earnings of All Employees: Information in Massachusetts trend measures the average weekly earnings for all employees in the information industry in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into wage levels and labor market dynamics within Massachusetts' information economy, which is a key driver of the state's economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to understand the economic health and competitiveness of Massachusetts' information industry, which is critical for supporting the state's overall economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight delay, typically 2-3 weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Information in Massachusetts (SMU25000005000000011), retrieved from FRED.