All Employees: Other Services: Personal and Laundry Services in Massachusetts
SMU25000008081200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.60
Year-over-Year Change
4.11%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in personal and laundry services in Massachusetts. It is an important indicator of activity and labor demand in the personal 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: Other Services: Personal and Laundry Services in Massachusetts series tracks the total number of employees in industries such as personal care services, dry cleaning and laundry services, and other personal services. This data provides insights into the health and growth of the personal services sector in the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is closely watched by economists and policymakers to assess the strength of the services economy and consumer demand.
Key Facts
- Massachusetts has over 80,000 employees in personal and laundry services.
- The personal services sector accounts for 3% of total employment in Massachusetts.
- Employment in this sector has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in personal and laundry services industries in Massachusetts, such as hair salons, dry cleaners, and other personal care businesses.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides insights into the health and growth of the personal services sector, which is an important part of the Massachusetts economy and consumer services industry.
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: Economists and policymakers closely monitor this employment trend to assess the strength of the services economy and consumer demand in Massachusetts.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Other Services: Personal and Laundry Services in Massachusetts (SMU25000008081200001), retrieved from FRED.