All Employees: Computer Systems Design and Related Services in Massachusetts
SMU25000006054150001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.20
Year-over-Year Change
18.24%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the computer systems design and related services industry in Massachusetts. It is an important indicator of economic activity and labor market conditions in the tech 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: Computer Systems Design and Related Services in Massachusetts series tracks the total employment in this high-tech industry, which includes companies providing computer programming, software development, IT consulting, and other technology services. It is used by economists and policymakers to monitor labor market trends and the health of the tech industry in the state.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the broader technology and innovation economy in Massachusetts.
Key Facts
- Massachusetts has a large and growing tech industry.
- Computer systems design is a major contributor to the state's economy.
- Employment in this sector has seen steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the computer systems design and related services industry in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of economic activity and labor market conditions in the high-tech sector of Massachusetts, which is a major driver of the state's economy.
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 employment trend is relevant for understanding the broader technology and innovation economy in Massachusetts, which is important for policymakers and economic analysts.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical release lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Computer Systems Design and Related Services in Massachusetts (SMU25000006054150001A), retrieved from FRED.