All Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Massachusetts
SMU25000005552200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.81
Year-over-Year Change
0.58%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the credit intermediation and related activities industry, including monetary authorities, in Massachusetts. It provides important insights into the health and growth of the financial 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
The All Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Massachusetts metric tracks employment levels in the credit intermediation, banking, and related financial services industries across the state. This data point is closely monitored by economists and policymakers to gauge the strength of the local financial services economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to inform economic and monetary policy decisions at the state and national level.
Key Facts
- The financial activities sector accounts for over 7% of total employment in Massachusetts.
- Employment in credit intermediation and related activities has grown by 8% in Massachusetts over the past 5 years.
- The central bank and monetary authorities employ over 1,500 workers in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the credit intermediation, banking, and related financial services industries in Massachusetts, including those working at monetary authorities and the central bank.
Q: Why is this trend relevant for users or analysts?
A: This data point provides important insights into the strength and growth of the financial sector in Massachusetts, which is a key driver of the state's economy. It is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used to inform monetary and economic policy decisions at both the state and national level, as the financial services industry is a critical component of the overall economy.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in the release of this data by the Bureau of Labor Statistics. The data may also be subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Massachusetts (SMU25000005552200001SA), retrieved from FRED.