All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Massachusetts
SMU25000006056000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
185.50
Year-over-Year Change
-2.27%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of employees in the professional, business, administrative, support, waste management, and remediation services sectors in Massachusetts. It provides insights into the strength and growth of these key industries 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: Administrative and Support and Waste Management and Remediation Services in Massachusetts series tracks employment levels in a vital segment of the state's economy. It offers data on the size and trends of these service-oriented industries, which are important contributors to economic activity and productivity.
Methodology
This data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to gauge the health and competitiveness of Massachusetts' professional and business service sectors.
Key Facts
- Massachusetts has a robust professional and business services sector.
- Employment in this sector has grown steadily in recent years.
- The administrative, support, waste management, and remediation industries are important contributors to the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the professional, business, administrative, support, waste management, and remediation services sectors in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the strength and growth of these key industries in Massachusetts, which are important contributors to the state's economic activity and productivity.
Q: How is this data collected or calculated?
A: This 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 and analysts use this trend to gauge the health and competitiveness of Massachusetts' professional and business service sectors.
Q: Are there update delays or limitations?
A: The data is subject to the standard update schedule and potential revisions of the Current Employment Statistics (CES) survey.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Massachusetts (SMU25000006056000001), retrieved from FRED.