All Employees: Other Services: Personal and Laundry Services in Maryland
SMU24000008081200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.40
Year-over-Year Change
0.45%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the personal and laundry services industry in Maryland. It provides valuable insights into the state's service sector and consumer demand.
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: Personal and Laundry Services in Maryland metric tracks the total employment in businesses providing personal care services, dry cleaning and laundry services, and other personal services within the state. This data is used by economists and policymakers to analyze the health of Maryland's service economy.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding consumer spending patterns and the overall vitality of Maryland's service industry.
Key Facts
- Maryland's personal and laundry services industry employs over 45,000 workers.
- This sector has seen steady growth in the past decade, reflecting increasing consumer demand.
- The industry accounts for approximately 2% of Maryland's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the personal and laundry services industry in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and the overall health of Maryland's service sector economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze the performance of Maryland's service industry and consumer demand.
Q: Are there update delays or limitations?
A: The data is published with a typical one-month lag from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Other Services: Personal and Laundry Services in Maryland (SMU24000008081200001), retrieved from FRED.