All Employees: Federal Government in Maryland
SMU24000009091000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
161.70
Year-over-Year Change
10.53%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the federal government sector in the state of Maryland. It provides insight into public sector employment and spending in the region.
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: Federal Government in Maryland series measures the total nonfarm payroll employment in the federal government sector within the state of Maryland. This metric is used by economists and policymakers to analyze public sector labor market conditions and the role of the federal government in the state's economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This federal employment trend offers context for assessing the economic impact of federal agencies, programs, and spending in Maryland.
Key Facts
- Maryland has a sizable federal government presence.
- Federal jobs account for a significant portion of the state's nonfarm payroll.
- This metric helps track changes in federal workforce and spending in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the federal government sector within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into public sector employment and spending in Maryland, which is relevant for economists, policymakers, and analysts assessing the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This federal employment trend offers context for assessing the economic impact of federal agencies, programs, and spending in Maryland, which is relevant for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is subject to the typical release schedule and potential revisions of the Current Employment Statistics survey.
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Citation
U.S. Federal Reserve, All Employees: Federal Government in Maryland (SMU24000009091000001A), retrieved from FRED.