All Employees: Administrative and Support and Waste Management and Remediation Services in Massachusetts
This dataset tracks all employees: administrative and support and waste management and remediation services in massachusetts over time.
Latest Value
182.10
Year-over-Year Change
11.38%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the administrative, support, waste management, and remediation services industry in Massachusetts. It provides insight into a key service sector and can inform policy decisions related to regional economic conditions.
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: Administrative and Support and Waste Management and Remediation Services in Massachusetts data series tracks the total number of individuals employed in this industry sector within the state. It is a useful indicator of economic activity and labor market trends in professional and business services.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers and analysts to assess the health and dynamics of Massachusetts' service-oriented economy.
Key Facts
- Employment in this sector totaled over 300,000 in Massachusetts as of the latest data.
- The industry accounts for approximately 10% of total nonfarm employment in the state.
- Employment levels have grown steadily in recent years, reflecting the expansion of business services.
FAQs
Q: What does this economic trend measure?
A: This trend measures total employment in the administrative, support, waste management, and remediation services industry in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into a key service sector of the Massachusetts economy and can inform policy decisions related to regional economic conditions and labor market trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers and analysts to assess the health and dynamics of Massachusetts' service-oriented economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, All Employees: Administrative and Support and Waste Management and Remediation Services in Massachusetts (SMU25000006056000001A), retrieved from FRED.