All Employees: Retail Trade: Food and Beverage Stores in Maryland
SMU24000004244500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.00
Year-over-Year Change
12.31%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the retail trade sector, specifically focusing on food and beverage stores in the state of Maryland. It provides insights into the labor market and consumer spending patterns in this crucial industry.
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: Retail Trade: Food and Beverage Stores in Maryland series tracks the total number of people employed in this sector within the state. It is an important indicator of economic activity, consumer confidence, and the overall health of the local retail industry.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the strength of the Maryland economy and consumer spending patterns.
Key Facts
- Maryland has over 25,000 food and beverage retail employees.
- Employment in this sector has grown by 5% over the past 5 years.
- Retail trade accounts for nearly 10% of Maryland's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the retail trade sector, specifically in food and beverage stores, within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health of the local retail industry and consumer spending patterns, which are crucial indicators of the overall Maryland economy.
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: Policymakers, economists, and industry analysts closely monitor this trend to assess the strength of the Maryland economy and consumer spending habits, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Food and Beverage Stores in Maryland (SMU24000004244500001A), retrieved from FRED.