All Employees: Management of Companies and Enterprises in Massachusetts
SMU25000006055000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.70
Year-over-Year Change
8.73%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the management of companies and enterprises industry in Massachusetts. It provides insights into the state's business services and management sectors.
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: Management of Companies and Enterprises in Massachusetts indicator tracks the total number of people employed in the management of companies and enterprises industry within the state. This data is a key metric for understanding economic activity and labor market dynamics in the professional services sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and businesses to assess the state's economic performance and competitiveness.
Key Facts
- Massachusetts is a major hub for professional services and corporate management.
- The management of companies and enterprises industry is a key driver of the state's economy.
- This employment trend has implications for understanding the broader business climate in Massachusetts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the management of companies and enterprises industry within Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insights into the strength and dynamics of the professional services sector in Massachusetts, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this employment trend to assess the state's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to regular updates and revisions by the U.S. Bureau of Labor Statistics, so there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, All Employees: Management of Companies and Enterprises in Massachusetts (SMU25000006055000001A), retrieved from FRED.