All Employees: Goods Producing in Massachusetts
SMU25000000600000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
409.30
Year-over-Year Change
-0.27%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'All Employees: Goods Producing in Massachusetts' trend measures employment in the goods-producing sector of Massachusetts' economy. This metric is a key indicator of the state's industrial and manufacturing activity.
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 goods-producing sector includes industries like manufacturing, construction, mining, and agriculture. Tracking employment in this sector provides insight into the overall health and competitiveness of Massachusetts' industrial base.
Methodology
This data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to assess the performance of Massachusetts' industrial economy.
Key Facts
- Massachusetts is a major industrial hub in the Northeast U.S.
- The goods-producing sector accounts for over 13% of the state's total employment.
- Manufacturing is the largest component of Massachusetts' goods-producing sector.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Goods Producing in Massachusetts' trend measures the total number of people employed in the goods-producing industries of Massachusetts, including manufacturing, construction, mining, and agriculture.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall health and competitiveness of Massachusetts' industrial economy, which is an important driver of the state's economic growth and prosperity.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the performance of Massachusetts' industrial sector and inform policy decisions related to economic development, workforce training, and competitiveness.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Goods Producing in Massachusetts (SMU25000000600000001), retrieved from FRED.