Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Massachusetts
SMU25000004000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
980.62
Year-over-Year Change
1.56%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the trade, transportation, and utilities industry in Massachusetts. It provides insights into wage trends in this key sector of the state's economy.
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 Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Massachusetts series tracks the average earnings of workers in industries like retail, logistics, and public utilities. This indicator is used by economists and policymakers to monitor labor market conditions and wage growth in the Commonwealth.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the financial health and spending power of a significant portion of Massachusetts' workforce.
Key Facts
- Massachusetts' trade, transportation, and utilities sector employs over 850,000 workers.
- Average weekly earnings in this industry have risen by 25% over the past decade.
- The trend provides a barometer of consumer purchasing power in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the trade, transportation, and utilities industry in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into wage growth and labor market conditions in a key sector of the Massachusetts economy.
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: Policymakers and economists use this trend to monitor consumer spending power and the financial health of Massachusetts' workforce.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Massachusetts (SMU25000004000000011), retrieved from FRED.