All Employees: Professional and Business Services: Services to Buildings and Dwellings in Massachusetts
SMU25000006056170001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.09
Year-over-Year Change
-1.11%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of employees in professional and business services, specifically in the services to buildings and dwellings industry in Massachusetts. It provides insights into the health and growth of 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 'All Employees: Professional and Business Services: Services to Buildings and Dwellings in Massachusetts' series tracks the employment levels in the building and dwelling services industry, which includes businesses that provide services such as cleaning, landscaping, and security. This data is an important indicator of economic activity and business investment within the state.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of employers.
Historical Context
Policymakers and economists use this trend to assess the strength of the professional and business services sector in Massachusetts and make informed decisions about economic policies.
Key Facts
- The professional and business services sector employs over 500,000 people in Massachusetts.
- The services to buildings and dwellings industry accounts for around 10% of total professional and business services employment in the state.
- Employment in this sector has grown by over 20% in Massachusetts since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the professional and business services sector, specifically in the services to buildings and dwellings industry, within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and growth of the professional and business services sector, which is a key driver of economic activity and investment in Massachusetts. It is an important indicator for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of employers.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the strength of the professional and business services sector in Massachusetts and make informed decisions about economic policies that may impact this industry.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically 1-2 months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Services to Buildings and Dwellings in Massachusetts (SMU25000006056170001SA), retrieved from FRED.