All Employees: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Massachusetts
SMU25000006054160001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.14
Year-over-Year Change
-4.40%
Date Range
1/1/1990 - 7/1/2025
Summary
This trend measures the number of employees in the management, scientific, and technical consulting services industry in Massachusetts. It provides insights into the health and growth of the professional and business services sector in the state.
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: Management, Scientific, and Technical Consulting Services in Massachusetts series tracks the total number of employees in this specialized consulting industry within the broader professional and business services sector in the state. This data is used by economists and policymakers to analyze labor market conditions and economic activity in Massachusetts.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the performance and outlook of the professional services industry, which is an important driver of economic growth in Massachusetts.
Key Facts
- Massachusetts has a large and diverse professional services sector.
- Consulting services are a key component of the state's professional services industry.
- Employment in this industry can signal broader economic conditions in Massachusetts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the management, scientific, and technical consulting services industry in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insights into the health and growth of the professional services sector, which is an important driver of economic activity in Massachusetts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this employment data to analyze labor market conditions and the overall performance of the professional services industry in Massachusetts.
Q: Are there update delays or limitations?
A: The data is subject to revisions and may have a lag of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Massachusetts (SMU25000006054160001SA), retrieved from FRED.