All Employees: Architectural, Engineering, and Related Services in Massachusetts
SMU25000006054130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.60
Year-over-Year Change
23.16%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the architectural, engineering, and related services industry in the state of Massachusetts. It provides insights into the labor market and economic activity in this professional services 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
The All Employees: Architectural, Engineering, and Related Services in Massachusetts metric tracks the total employment levels in firms that provide architectural, engineering, and related services within the state. This data is used by economists and policymakers to assess the health and trends of this important professional services industry.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the broader state of the professional services industry and regional economic conditions in Massachusetts.
Key Facts
- Massachusetts has a large and diverse professional services industry.
- Employment in architectural and engineering services has grown steadily in recent years.
- This sector accounts for a significant portion of the state's overall economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in architectural, engineering, and related professional services firms located in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insights into the health and growth of an important professional services industry in Massachusetts, which has implications for the broader state economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment data to assess the state of the professional services industry and regional economic conditions in Massachusetts.
Q: Are there update delays or limitations?
A: The data is subject to the regular update schedule and potential revisions of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Architectural, Engineering, and Related Services in Massachusetts (SMU25000006054130001A), retrieved from FRED.