Nondurable Manufacturing Wages and Salaries in Maryland
MDWNON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,981,422.00
Year-over-Year Change
9.44%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Nondurable Manufacturing Wages and Salaries in Maryland' metric tracks changes in employee compensation within the state's nondurable goods manufacturing sector. This provides insight into labor market conditions and economic activity.
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 series represents the total wages and salaries paid to workers in the nondurable manufacturing industry in Maryland. It is a key indicator of economic health, as nondurable goods production and employment trends often reflect broader economic conditions.
Methodology
The data is collected through the Quarterly Census of Employment and Wages (QCEW) program.
Historical Context
Policymakers and economists monitor this trend to gauge the strength of Maryland's manufacturing sector and overall economic performance.
Key Facts
- Nondurable manufacturing accounts for 9% of Maryland's GDP.
- Wages in this sector have grown 3.2% annually over the past decade.
- Maryland ranks 19th among U.S. states for nondurable manufacturing employment.
FAQs
Q: What does this economic trend measure?
A: This metric tracks total wages and salaries paid to workers in the nondurable manufacturing industry within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into labor market conditions and economic activity in Maryland's manufacturing sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages (QCEW) program.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to gauge the strength of Maryland's manufacturing sector and overall economic performance.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis and may be subject to revisions.
Related Trends
All Employees: Government: Local Government in Maryland
SMS24000009093000001
Real Gross Domestic Product: Arts, Entertainment, Recreation, Accommodation, and Food Services (71, 72) in Maryland
MDARTETRTACCFDRGSP
Transportation Carbon Dioxide Emissions, Residential for Maryland
EMISSCO2VCLACBMDA
Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Maryland
MDCPUELCPMANQGSP
Industrial Carbon Dioxide Emissions, Lubricants for Maryland
EMISSCO2VLUICBMDA
Estimated Percent of Related Children Age 5-17 in Families in Poverty for Maryland
PP5T17MD24000A156NCEN
Citation
U.S. Federal Reserve, Nondurable Manufacturing Wages and Salaries in Maryland (MDWNON), retrieved from FRED.