Covered Employment in Maryland
MDCEMPLOY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,605,413.00
Year-over-Year Change
0.42%
Date Range
6/10/2006 - 8/2/2025
Summary
The Covered Employment in Maryland metric tracks the number of employees in Maryland who are covered by unemployment insurance, providing insights into the state's labor market 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
Covered Employment in Maryland is a key economic indicator that measures the total number of employees in the state who are covered by unemployment insurance. This data serves as a proxy for overall employment levels and is widely used by economists and policymakers to assess the health and trends of Maryland's labor market.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through employer reports.
Historical Context
This metric is closely monitored by state and federal agencies to inform economic and workforce policies.
Key Facts
- Maryland's Covered Employment reached a record high of over 2.7 million in 2019.
- The COVID-19 pandemic led to a significant decline in Covered Employment in Maryland in 2020.
- Covered Employment is a broader measure than nonfarm payroll, as it includes all employees covered by unemployment insurance.
FAQs
Q: What does this economic trend measure?
A: The Covered Employment in Maryland metric measures the total number of employees in the state who are covered by unemployment insurance.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the overall health and trends of Maryland's labor market, which is crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through employer reports.
Q: How is this trend used in economic policy?
A: Covered Employment in Maryland is closely monitored by state and federal agencies to inform economic and workforce policies.
Q: Are there update delays or limitations?
A: The data is typically released with a short delay, and may be subject to revisions as more information becomes available.
Related Trends
Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Maryland
MDWARESTORQGSP
Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Maryland
MDOTHTRANRGSP
Monthly State Retail Sales: Gasoline Stations in Maryland
MSRSMD447
Number of Civilians Unemployed for 15 Weeks or Longer for Maryland
UNEMP15MD
All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Maryland
SMU24000004244100001SA
All Employees: Government in Maryland
MDGOVT
Citation
U.S. Federal Reserve, Covered Employment in Maryland (MDCEMPLOY), retrieved from FRED.