All Employees: Education and Health Services: Individual and Family Services in Massachusetts
SMU25000006562410001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.54
Year-over-Year Change
4.21%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of all employees in the education and health services sector, specifically in the individual and family services industry in Massachusetts. It provides insights into the labor market and economic activity in this important service 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: Education and Health Services: Individual and Family Services in Massachusetts trend tracks the total number of people employed in the individual and family services industry, which is a subset of the broader education and health services sector. This data is useful for analyzing workforce dynamics, service demand, and economic conditions in Massachusetts.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for policymakers, economists, and industry analysts to understand labor market conditions and economic trends in the education and health services sector in Massachusetts.
Key Facts
- The individual and family services industry is a significant employer in Massachusetts.
- Employment in this sector has grown steadily over the past decade.
- The trend is an important indicator of the state's healthcare and social services labor market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the individual and family services industry, which is part of the broader education and health services sector in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market and economic activity in the education and health services sector, which is a crucial part of the Massachusetts economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this trend to understand labor market conditions and economic trends in the education and health services sector in Massachusetts.
Q: Are there update delays or limitations?
A: The data is published monthly, but may be subject to revisions and can have a delay of several weeks from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Individual and Family Services in Massachusetts (SMU25000006562410001SA), retrieved from FRED.