Information Wages and Salaries in Massachusetts
MAWINF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,893,688.00
Year-over-Year Change
13.11%
Date Range
1/1/1998 - 1/1/2025
Summary
The Information Wages and Salaries in Massachusetts index measures changes in average hourly earnings for private sector workers in the information industry within the state of Massachusetts.
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 index tracks labor costs and productivity trends for the information sector, which includes industries like publishing, telecommunications, and data processing. It is a key indicator of economic health and competitiveness for Massachusetts's technology-driven economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the performance and outlook of Massachusetts's information industries.
Key Facts
- Massachusetts is a major tech and innovation hub.
- The information sector accounts for over 200,000 jobs in the state.
- Wages in this industry are typically higher than the state average.
FAQs
Q: What does this economic trend measure?
A: The Information Wages and Salaries in Massachusetts index tracks changes in average hourly earnings for private sector workers in the information industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and productivity trends for Massachusetts's technology-driven economy, which is crucial for policymakers and economists assessing the state's economic health and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the performance and outlook of Massachusetts's information industries, which are a critical part of the state's economy.
Q: Are there update delays or limitations?
A: The Information Wages and Salaries in Massachusetts data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Information Wages and Salaries in Massachusetts (MAWINF), retrieved from FRED.