Average Hourly Earnings of All Employees: Financial Activities in Massachusetts
SMU25000005500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.85
Year-over-Year Change
9.17%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic indicator measures the average hourly earnings of all employees in the financial activities sector in Massachusetts. It provides insights into labor costs and compensation trends in a key industry.
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 Hourly Earnings of All Employees: Financial Activities in Massachusetts is a monthly data series that tracks the average hourly pay for workers in the financial sector across the state. It is used by economists and policymakers to analyze labor market conditions and cost pressures in the financial industry.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the economic health of Massachusetts' financial services industry and can inform policy decisions.
Key Facts
- Massachusetts is a major financial hub in the U.S.
- The financial activities sector accounts for a significant share of the state's economy.
- Tracking wage trends in this industry provides insights into labor market dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the financial activities sector in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and compensation trends in a key industry, which is useful for economists and policymakers analyzing the economic health of Massachusetts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the economic health of Massachusetts' financial services industry and can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Financial Activities in Massachusetts (SMU25000005500000003), retrieved from FRED.