Employed Persons in Maryland
LAUST240000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,149,292.00
Year-over-Year Change
8.05%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Employed Persons in Maryland' series tracks the total number of people employed in the state of Maryland. This metric is a key indicator of the state's economic health and labor market conditions.
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
This data series represents the total number of employed individuals in Maryland, including both wage and salary workers as well as self-employed persons. It is a widely followed indicator of the state's economic performance and labor market strength.
Methodology
The data is collected through a monthly household survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to gauge the overall strength of the Maryland economy and to inform economic and employment-related decision making.
Key Facts
- Maryland has a population of over 6 million people.
- The state's largest employment sectors are healthcare, technology, and education.
- Unemployment in Maryland has remained below the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Employed Persons in Maryland' series tracks the total number of people employed in the state, including both wage/salary workers and the self-employed.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Maryland's economic and labor market conditions, providing insight into the overall strength of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly household 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 metric to gauge the state's economic performance and labor market strength, informing economic and employment-related decision making.
Q: Are there update delays or limitations?
A: The employment data is released on a monthly basis, with some potential for minor revisions in subsequent releases.
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Citation
U.S. Federal Reserve, Employed Persons in Maryland (LAUST240000000000005A), retrieved from FRED.