Utilities Wages and Salaries in Massachusetts
MAWUTI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,815,230.00
Year-over-Year Change
4.16%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Utilities Wages and Salaries in Massachusetts' trend measures the average weekly earnings of utility industry workers in the state of Massachusetts. This metric provides insight into the labor costs and economic conditions within the utilities 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
This series tracks the average weekly wage paid to employees in the utilities industry in Massachusetts, including companies that provide electric power, natural gas, water, and other utilities. It is a useful indicator for analyzing the cost structure and competitiveness of the utilities sector in the state.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
Policymakers and industry analysts closely monitor this trend to understand the economic pressures and labor market dynamics within the utilities industry.
Key Facts
- Massachusetts utilities wages averaged $1,726 per week in 2022.
- Utilities wages in Massachusetts are 37% higher than the national average.
- The utilities sector employs over 20,000 workers in Massachusetts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of workers employed in the utilities industry in Massachusetts, including electric, gas, water, and other utility companies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the labor costs and economic conditions within the critical utilities sector, which is important for policymakers, investors, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this trend to understand the economic pressures and labor market dynamics within the utilities industry, which is vital for supporting essential services and infrastructure.
Q: Are there update delays or limitations?
A: This data is released on a quarterly basis with a lag of several months, so it may not reflect the most recent economic conditions.
Related Trends
Real Per Capita Personal Income: Nonmetropolitan Portion for Massachusetts
MANMPRPIPC
Gross Domestic Product: Warehousing and Storage (493) in Massachusetts
MAWARESTORNGSP
Gross Domestic Product: Paper Manufacturing (322) in Massachusetts
MAPAPMANNGSP
Average Hourly Earnings of All Employees: Other Services in Massachusetts
SMU25000008000000003
Real Gross Domestic Product: Transportation and Warehousing (48-49) in Massachusetts
MATRANSWARERGSP
Number of Commercial Banks in Massachusetts
X08CBTMA
Citation
U.S. Federal Reserve, Utilities Wages and Salaries in Massachusetts (MAWUTI), retrieved from FRED.