All Employees: Professional and Business Services: Services to Buildings and Dwellings in Massachusetts
SMU25000006056170001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.40
Year-over-Year Change
-0.75%
Date Range
1/1/1990 - 7/1/2025
Summary
This trend measures the number of all employees in the professional and business services sector, specifically in the services to buildings and dwellings industry, within the state of Massachusetts. It provides insights into the state's service-based economy and labor market 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: Professional and Business Services: Services to Buildings and Dwellings in Massachusetts series tracks the total number of individuals employed in the services to buildings and dwellings industry, which includes establishments that provide services such as janitorial, landscaping, and other facility support activities. This data is used by economists and policymakers to analyze labor market trends and the health of the state's service-based economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the service sector and real estate-related labor market conditions in Massachusetts, which can inform economic and policy decisions.
Key Facts
- Massachusetts has a large professional and business services sector.
- The services to buildings and dwellings industry is a significant part of the state's economy.
- Employment trends in this industry can signal changes in the broader real estate and facilities management markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the services to buildings and dwellings industry, which is part of the professional and business services sector, within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market conditions and economic activity in the service-based and real estate-related industries in Massachusetts, which can inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the health of the service sector and real estate-related industries in Massachusetts, which can inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the Current Employment Statistics (CES) survey.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Services to Buildings and Dwellings in Massachusetts (SMU25000006056170001), retrieved from FRED.