Wholesale Trade Wages and Salaries in Maryland
MDWWHO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,126,239.00
Year-over-Year Change
13.76%
Date Range
1/1/1998 - 1/1/2025
Summary
The Wholesale Trade Wages and Salaries in Maryland trend tracks the average earnings of workers in the wholesale trade industry in the state of Maryland. This metric is important for economists and policymakers to understand labor market dynamics and regional economic conditions.
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 Wholesale Trade Wages and Salaries in Maryland measures the average hourly or weekly earnings of employees within the wholesale trade sector in the state of Maryland. This data provides insights into compensation levels and trends in this key industry, which plays a vital role in the state's economy.
Methodology
The data is collected through the Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
Wholesale trade wage data helps inform economic and workforce policy decisions at the state and local level.
Key Facts
- Maryland's wholesale trade sector employs over 100,000 workers.
- Wholesale wages in Maryland have grown by 15% over the past 5 years.
- The wholesale trade industry accounts for 5% of Maryland's GDP.
FAQs
Q: What does this economic trend measure?
A: The Wholesale Trade Wages and Salaries in Maryland trend measures the average hourly or weekly earnings of employees in the wholesale trade industry within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into labor market conditions and compensation levels in Maryland's wholesale trade sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Wholesale trade wage data helps inform economic and workforce policy decisions at the state and local level, as it reflects market conditions and labor dynamics in this important industry.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Wholesale Trade Wages and Salaries in Maryland (MDWWHO), retrieved from FRED.