All Employees: Professional and Business Services: Architectural, Engineering, and Related Services in Massachusetts
SMU25000006054130001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.29
Year-over-Year Change
-0.64%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the architectural, engineering, and related services industry in Massachusetts. It is an important indicator of activity and demand in the state's professional and business services 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 All Employees: Professional and Business Services: Architectural, Engineering, and Related Services in Massachusetts series tracks the number of people employed in firms that provide architectural, engineering, drafting, building inspection, and other related services. This data provides insight into the health and growth of this key industry within the broader professional and business services sector.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, urban planners, and economic analysts to assess construction activity, infrastructure investments, and the overall strength of the professional services industry in Massachusetts.
Key Facts
- Massachusetts has over 90,000 workers in architectural and engineering services.
- This industry accounts for nearly 3% of total employment in the state.
- Employment in this sector has grown by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in architectural, engineering, and related professional services firms located in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and growth of a key industry within the broader professional and business services sector, which is an important driver of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, urban planners, and economic analysts closely monitor this trend to assess construction activity, infrastructure investments, and the overall strength of the professional services industry in Massachusetts.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Architectural, Engineering, and Related Services in Massachusetts (SMU25000006054130001SA), retrieved from FRED.