All Employees: Trade, Transportation, and Utilities in Maryland
MDTRAD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
473.60
Year-over-Year Change
0.17%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Trade, Transportation, and Utilities in Maryland' series tracks the total number of employees in these key economic sectors across the state of Maryland. This data provides important insights into the health and trends of Maryland'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
This economic series measures the employment levels in the trade, transportation, and utilities industries in Maryland. It is a key indicator of economic activity and can help policymakers and analysts understand the state's labor market dynamics and growth.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by economists, policymakers, and businesses to gauge the performance of Maryland's economy.
Key Facts
- Maryland's trade, transportation, and utilities sector employs over 600,000 workers.
- Employment in this sector has grown by 5% over the past 5 years.
- The COVID-19 pandemic led to a temporary 8% decline in employment in this sector in 2020.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of people employed in the trade, transportation, and utilities industries across the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides important insights into the health and performance of Maryland's economy, which is heavily dependent on these key sectors.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through surveys of business establishments in Maryland.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this employment data to gauge the overall strength of Maryland's economy and inform decisions around economic development, infrastructure, and workforce policies.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay, so it may not reflect the most current employment situation.
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Citation
U.S. Federal Reserve, All Employees: Trade, Transportation, and Utilities in Maryland (MDTRAD), retrieved from FRED.