All Employees: State Government in Maryland
SMU24000009092000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.10
Year-over-Year Change
7.69%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: State Government in Maryland' trend measures total state government employment in Maryland. This data is important for economists and policymakers to track the size and changes in the state's public sector workforce.
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 number of employees working in state government agencies and departments across Maryland. It is a key indicator of the scale and composition of the state's public sector, which has important implications for fiscal policy, economic growth, and government services.
Methodology
The data is collected through surveys of state government employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in state government employment are closely watched by economic analysts and policymakers to assess the health of state budgets and the broader economy.
Key Facts
- Maryland's state government employed over 113,000 workers as of 2022.
- State government jobs account for around 4% of total employment in Maryland.
- State government employment in Maryland has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in state government agencies and departments across the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: Trends in state government employment are important indicators of the size and composition of the public sector, which has significant implications for fiscal policy, economic growth, and the provision of government services.
Q: How is this data collected or calculated?
A: The data is collected through surveys of state government employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor state government employment trends to assess the health of state budgets and the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Housing Inventory: Price Reduced Count in Maryland
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Real Gross Domestic Product: Wholesale Trade (42) in Maryland
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Citation
U.S. Federal Reserve, All Employees: State Government in Maryland (SMU24000009092000001A), retrieved from FRED.