All Employees: Repair and Maintenance in Massachusetts
SMU25000008081100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.30
Year-over-Year Change
10.98%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the repair and maintenance industry in Massachusetts. It provides insights into the state's service sector and infrastructure maintenance activities.
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: Repair and Maintenance in Massachusetts series measures the total number of people employed in the repair and maintenance industry across the state. This data is a key indicator of economic activity and labor market conditions in the service and infrastructure sectors.
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 understanding the health of Massachusetts' service economy and the state's ability to maintain its physical infrastructure.
Key Facts
- Massachusetts has over 75,000 repair and maintenance employees.
- The repair and maintenance industry accounts for 2.5% of the state's total employment.
- Employment in this sector has grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the repair and maintenance industry across the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health of Massachusetts' service economy and the state's ability to maintain its physical infrastructure, which are important factors for economic growth and development.
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 and analysts use this data to monitor the service sector and infrastructure maintenance activities in Massachusetts, which can inform decisions related to economic development, infrastructure investment, and workforce planning.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Repair and Maintenance in Massachusetts (SMU25000008081100001A), retrieved from FRED.