Utilities Wages and Salaries in Maryland
MDWUTI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,521,133.00
Year-over-Year Change
15.58%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Utilities Wages and Salaries in Maryland' series measures the total wages and salaries paid to employees in the utilities industry in the state of Maryland. This statistic is a key indicator of economic activity and labor market trends in the utilities 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 economic series tracks the total compensation paid to workers in Maryland's utilities industry, which includes electric, gas, water, and sewage treatment companies. The data provides insights into labor costs and productivity in this important infrastructure sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Utilities wages and salaries are closely monitored by policymakers and market analysts to assess the economic health of a state's critical infrastructure.
Key Facts
- Maryland's utilities wages and salaries totaled $2.9 billion in 2021.
- Utilities jobs account for 1.2% of total employment in Maryland.
- Utilities wages in Maryland are 22% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The 'Utilities Wages and Salaries in Maryland' series measures the total compensation paid to workers employed in the utilities industry within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor costs and productivity in Maryland's critical utilities infrastructure, which is important for assessing the overall economic health of the state.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Utilities wages and salaries are closely monitored by policymakers and market analysts to evaluate the performance of a state's critical infrastructure and energy systems.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Utilities Wages and Salaries in Maryland (MDWUTI), retrieved from FRED.