Wholesale Trade Wages and Salaries in Massachusetts
MAWWHO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,726,316.00
Year-over-Year Change
1.53%
Date Range
1/1/1998 - 1/1/2025
Summary
The Wholesale Trade Wages and Salaries in Massachusetts trend measures the average earnings of workers in the wholesale trade industry within the state. This metric is important for economists and policymakers to assess labor market conditions and cost pressures in this key 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
The Wholesale Trade Wages and Salaries in Massachusetts series tracks the average hourly and weekly earnings of employees in the wholesale trade industry across the state. This helps provide insight into labor costs and compensation trends in a crucial part of the state's economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Wholesale trade wages are closely monitored by policymakers and market analysts as an indicator of broader economic performance and inflationary pressures.
Key Facts
- Wholesale trade accounts for over 7% of Massachusetts GDP.
- Average weekly wages in Massachusetts wholesale trade were $1,367 in 2022.
- Wholesale wages in MA have grown over 4% annually since 2020.
FAQs
Q: What does this economic trend measure?
A: The Wholesale Trade Wages and Salaries in Massachusetts trend measures the average hourly and weekly earnings of employees in the wholesale trade industry across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into labor costs and compensation trends in a crucial part of Massachusetts' economy, helping to assess broader economic performance and inflationary pressures.
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: Wholesale trade wages are closely monitored by policymakers and market analysts as an indicator of broader economic conditions and inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Wholesale Trade Wages and Salaries in Massachusetts (MAWWHO), retrieved from FRED.