All Employees: Mining, Logging, and Construction in Massachusetts
SMU25000001500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
170.60
Year-over-Year Change
46.44%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the mining, logging, and construction industries in Massachusetts. It provides valuable insights into the state's economic activity and infrastructure development.
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 All Employees: Mining, Logging, and Construction in Massachusetts data series tracks the employment levels in these critical sectors, which are essential for the state's economic growth and infrastructure projects. Economists and policymakers use this information to assess the health of the construction industry and overall economic conditions.
Methodology
The data is collected through surveys of businesses and establishments in Massachusetts.
Historical Context
This trend is closely monitored by state and local governments, as well as the construction industry, to inform policy decisions and investment strategies.
Key Facts
- Massachusetts has a large and diverse construction industry.
- Employment in mining, logging, and construction accounts for a significant portion of the state's workforce.
- Tracking this trend helps policymakers understand the state's economic development and investment needs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the mining, logging, and construction industries in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health of the construction industry and overall economic conditions in Massachusetts, which is important for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in Massachusetts.
Q: How is this trend used in economic policy?
A: State and local governments, as well as the construction industry, closely monitor this trend to inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, with minimal delays, and provides a comprehensive overview of employment in the mining, logging, and construction sectors in Massachusetts.
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Citation
U.S. Federal Reserve, All Employees: Mining, Logging, and Construction in Massachusetts (SMU25000001500000001A), retrieved from FRED.