All Employees: Other Services in Massachusetts
MASRVO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.00
Year-over-Year Change
1.01%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Other Services in Massachusetts' trend measures employment in the other services sector within the state of Massachusetts. This data provides valuable insights into the labor market and broader economic activity 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 'Other Services' sector includes establishments engaged in activities such as equipment and machinery repair, personal care services, and religious organizations. This employment indicator offers a granular view of service-based industries beyond the broader private sector.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this metric to assess the health and composition of the Massachusetts economy.
Key Facts
- The other services sector accounts for around 4% of total employment in Massachusetts.
- Employment in this sector has grown by over 10% in the past decade.
- Other services include auto repair, personal care, and religious organizations.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Other Services in Massachusetts' trend measures employment in the other services sector within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This employment indicator offers insights into the health and composition of the Massachusetts economy, particularly the service-based industries beyond the broader private sector.
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: Policymakers and analysts monitor this metric to assess the labor market and broader economic activity in the Massachusetts region.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and revision processes of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Other Services in Massachusetts (MASRVO), retrieved from FRED.