Job Postings on Indeed in Worcester, MA-CT (MSA)
IHLIDX49340 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.26
Year-over-Year Change
-0.66%
Date Range
5/22/2022 - 2/14/2025
Summary
The Job Postings on Indeed in Worcester, MA-CT (MSA) trend tracks changes in the number of job postings on the Indeed job search website in the Worcester metropolitan area. This provides insight into labor market dynamics and hiring demand in the region.
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 Job Postings on Indeed in Worcester, MA-CT (MSA) series measures the volume of job postings listed on the Indeed job search platform for the Worcester metropolitan statistical area, which encompasses Worcester County in Massachusetts and Windham County in Connecticut. This data offers a real-time indicator of hiring activity and labor market trends in the local economy.
Methodology
The data is collected by tracking job postings on the Indeed website.
Historical Context
This trend is used by economists and policymakers to assess employment conditions and labor market tightness in the Worcester region.
Key Facts
- The Worcester, MA-CT metropolitan area has a population of over 930,000.
- Job postings in Worcester peaked in mid-2022 and have since declined.
- The Worcester region has a diverse economy spanning healthcare, education, and manufacturing.
FAQs
Q: What does this economic trend measure?
A: The Job Postings on Indeed in Worcester, MA-CT (MSA) trend measures the volume of job listings on the Indeed job search platform for the Worcester metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a real-time indicator of hiring demand and labor market conditions in the Worcester region, which is useful for economists, policymakers, and jobseekers.
Q: How is this data collected or calculated?
A: The data is collected by tracking the volume of job postings listed on the Indeed job search website.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess employment conditions and labor market tightness in the Worcester metropolitan area, which can inform economic development strategies and workforce policies.
Q: Are there update delays or limitations?
A: The Job Postings on Indeed data is updated frequently, providing a timely indicator of hiring trends, but may not capture all job openings in the region.
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Citation
U.S. Federal Reserve, Job Postings on Indeed in Worcester, MA-CT (MSA) (IHLIDX49340), retrieved from FRED.