All Employees: Other Services: Personal and Laundry Services in Massachusetts
SMU25000008081200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.95
Year-over-Year Change
2.18%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of employees in the personal and laundry services industry in Massachusetts. It provides insight into the state's service sector 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: Other Services: Personal and Laundry Services in Massachusetts series tracks the total number of workers in establishments providing personal care services, death care services, dry cleaning and laundry services, and other personal services in the state.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator is used by economists and policymakers to monitor the health of Massachusetts' service economy and its ability to generate employment opportunities.
Key Facts
- Massachusetts has over 100,000 personal and laundry services jobs.
- Employment in this sector grew by 5% in the past year.
- The personal services industry accounts for 3% of total employment in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the personal and laundry services industry in Massachusetts, including establishments providing personal care, death care, dry cleaning, and other personal services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the health of Massachusetts' service economy and its ability to generate employment opportunities in the personal services sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to monitor the performance of Massachusetts' service sector and labor market conditions.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Other Services: Personal and Laundry Services in Massachusetts (SMU25000008081200001SA), retrieved from FRED.