Average Weekly Earnings of All Employees: Professional and Business Services in Massachusetts
SMU25000006000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,897.48
Year-over-Year Change
1.43%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Professional and Business Services in Massachusetts measures the average weekly pay for workers in the professional and business services sector in Massachusetts.
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 economic trend provides insights into the compensation levels and changes for employees in the professional and business services industry in Massachusetts. It is used by economists, policymakers, and businesses to analyze labor market conditions and trends within this key sector of the state's economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for understanding the economic health and competitiveness of Massachusetts' professional services industries.
Key Facts
- Massachusetts is a major hub for professional and business services.
- Wages in this sector have grown steadily in recent years.
- The 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 professional and business services sector in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into compensation levels and trends for a key industry in the Massachusetts economy, which is useful for understanding labor market conditions and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to analyze the health and competitiveness of Massachusetts' professional services industries.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-month lag.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Professional and Business Services in Massachusetts (SMU25000006000000011), retrieved from FRED.