All Employees: Management, Scientific, and Technical Consulting Services in Massachusetts
SMU25000006054160001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.20
Year-over-Year Change
52.19%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the management, scientific, and technical consulting services industry in Massachusetts. It provides insights into the health and growth of this important 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: Management, Scientific, and Technical Consulting Services in Massachusetts metric tracks the total number of individuals employed in this industry within the state. It is a key indicator of economic activity and labor demand in the professional consulting field.
Methodology
This data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and households.
Historical Context
Trends in management and technical consulting employment are closely watched by policymakers, investors, and industry analysts to assess the broader economic climate.
Key Facts
- Massachusetts is a major hub for management and technical consulting firms.
- This industry accounts for over 100,000 jobs in the state.
- Consulting employment has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of individuals employed in the management, scientific, and technical consulting services industry within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: Trends in management and technical consulting employment provide insights into the health and growth of this important professional services sector, which is closely watched by policymakers, investors, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Consulting employment trends are used by policymakers, economists, and market analysts to assess the broader economic climate and labor market conditions.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Management, Scientific, and Technical Consulting Services in Massachusetts (SMU25000006054160001A), retrieved from FRED.