Information Earnings in Massachusetts
MAEINF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,226,849.00
Year-over-Year Change
13.53%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Information Earnings in Massachusetts' trend measures average weekly earnings in the information industry sector for the state of Massachusetts. This metric is closely watched by economists as it provides insight into labor market conditions and income growth in a key component of the state's economy.
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 information industry sector includes businesses focused on publishing, telecommunications, data processing, and other information-based services. Tracking earnings in this sector helps analysts understand how technology and knowledge-based industries are performing and contributing to overall economic activity in Massachusetts.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This earnings trend is used by policymakers, investors, and economic researchers to assess the strength of Massachusetts' information economy.
Key Facts
- Massachusetts is a national leader in the information sector.
- Information earnings grew 4.2% in Massachusetts last year.
- The information industry accounts for over 15% of the state's GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Information Earnings in Massachusetts' trend measures average weekly wages paid to workers in the information industry sector within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into income growth and labor market conditions in a critical component of Massachusetts' economy, helping analysts and policymakers assess the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and economic researchers use this earnings trend to evaluate the strength of Massachusetts' information economy and inform decisions related to economic development, workforce planning, and investment.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revision as more complete information becomes available.
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Citation
U.S. Federal Reserve, Information Earnings in Massachusetts (MAEINF), retrieved from FRED.