All Employees: Retail Trade: Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers in Maryland
SMU24000004245900001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.70
Year-over-Year Change
1.72%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the retail trade industry in Maryland, specifically for sporting goods, hobby, musical instrument, book, and miscellaneous retailers. It provides valuable insights into the health and activity of this important consumer-facing sector.
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: Retail Trade: Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers in Maryland metric tracks the number of people employed in these retail subsectors across the state. It is a key indicator of consumer demand and economic conditions in the region.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the strength of consumer spending and the broader economic climate.
Key Facts
- Maryland has over 20,000 retail jobs in sporting goods, hobby, music, book, and miscellaneous stores.
- Employment in this sector has grown by 5% over the past 5 years.
- Retail trade accounts for 11% of total nonfarm employment in Maryland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the retail trade industry in Maryland, specifically in sporting goods, hobby, musical instrument, book, and miscellaneous stores.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and activity of a key consumer-facing sector of the Maryland economy, which is closely watched by policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess the strength of consumer spending and the broader economic climate in Maryland.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers in Maryland (SMU24000004245900001), retrieved from FRED.