Management of Companies and Enterprises Wages and Salaries in Maryland
MDWMAN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,813,533.00
Year-over-Year Change
16.61%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Management of Companies and Enterprises Wages and Salaries in Maryland' series measures the total wages and salaries paid to employees in the management of companies and enterprises industry within the state of Maryland. This metric provides insight into the economic activity and labor market conditions in this key 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
This data series tracks the total wages and salaries earned by workers in the management of companies and enterprises industry in Maryland. It is an important indicator of business activity, labor demand, and economic health within this specific industry and region.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to assess the strength of Maryland's management services sector and make informed decisions.
Key Facts
- Maryland's management sector employs over 100,000 workers.
- Wages in this industry are typically higher than the state average.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total wages and salaries earned by workers in the management of companies and enterprises industry within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic activity and labor market conditions in this key sector, which is important for understanding Maryland's overall business environment and making informed policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the strength of Maryland's management services sector and make informed decisions about economic development, workforce planning, and other policy initiatives.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with typical delays of a few months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Management of Companies and Enterprises Wages and Salaries in Maryland (MDWMAN), retrieved from FRED.