All Employees: Goods Producing in Massachusetts
SMS25000000600000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
398.70
Year-over-Year Change
-0.89%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Goods Producing in Massachusetts' metric tracks the total number of employees in the goods-producing industries in the state of Massachusetts. This provides valuable insight into the health and performance of the state's manufacturing and construction sectors.
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 economic series measures the total number of employees in the goods-producing industries in Massachusetts, which includes manufacturing, construction, mining, and logging. It serves as an important indicator of economic activity and production capacity in the state.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the strength of key industries and make informed decisions regarding economic policy and development.
Key Facts
- Massachusetts is a major manufacturing hub in the Northeast.
- The goods-producing sector accounts for over 15% of the state's total employment.
- Employment in this sector has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the goods-producing industries in the state of Massachusetts, including manufacturing, construction, mining, and logging.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the health and performance of key industries in Massachusetts, which is important for policymakers, economists, and businesses when analyzing the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of the state's manufacturing and construction sectors, and to inform decisions regarding economic development and workforce policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, All Employees: Goods Producing in Massachusetts (SMS25000000600000001), retrieved from FRED.