All Employees: Other Services: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Massachusetts
SMU25000008081300001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.81
Year-over-Year Change
-1.59%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the Other Services sector, which includes religious, grantmaking, civic, professional, and similar organizations in Massachusetts. It provides insights into the labor market and economic activity in this important service industry.
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: Other Services: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Massachusetts series tracks the number of people employed in these organizations within the state. This metric is used by economists and policymakers to analyze trends in the service sector and assess the overall health of the state's economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
This employment trend is relevant for understanding the economic conditions and labor market dynamics in Massachusetts, particularly the role of the nonprofit and professional services sectors.
Key Facts
- The Other Services sector accounts for approximately 4% of total employment in Massachusetts.
- Employment in this sector has grown by 8% over the past 5 years.
- The nonprofit and professional services industries are major contributors to the Other Services sector in Massachusetts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the Other Services sector, which includes religious, grantmaking, civic, professional, and similar organizations in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market and economic activity in the nonprofit and professional services industries in Massachusetts, which are important contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: This employment trend is used by economists and policymakers to analyze the service sector and assess the overall health of the Massachusetts economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Other Services: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Massachusetts (SMU25000008081300001SA), retrieved from FRED.