Other Services (except Public Administration) Earnings in Maryland
MDEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,980,294.00
Year-over-Year Change
21.35%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Other Services (except Public Administration) Earnings in Maryland' trend measures average weekly earnings for workers in Maryland's other services sector, excluding public administration. This data is important for economists and policymakers to understand trends in the state's service industry wages and productivity.
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 'Other Services (except Public Administration) Earnings in Maryland' series tracks average weekly earnings for workers in industries such as repair and maintenance, personal and laundry services, religious, grantmaking, civic, professional, and similar organizations. This data provides insight into labor market conditions and economic activity outside of the public sector.
Methodology
The data is collected through the Quarterly Census of Employment and Wages (QCEW) program.
Historical Context
This earnings trend is useful for analyzing the service sector's contribution to Maryland's overall economic performance.
Key Facts
- Maryland's other services sector accounts for over 300,000 jobs.
- Average weekly earnings in this sector were $853 as of the latest data.
- The other services sector comprises 7.7% of Maryland's total employment.
FAQs
Q: What does this economic trend measure?
A: The 'Other Services (except Public Administration) Earnings in Maryland' trend measures average weekly earnings for workers in Maryland's other services sector, excluding public administration.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into labor market conditions and economic activity in Maryland's service industry outside of the public sector, which is important for understanding the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages (QCEW) program.
Q: How is this trend used in economic policy?
A: This earnings trend is useful for analyzing the service sector's contribution to Maryland's overall economic performance and informing policymakers on labor market conditions.
Q: Are there update delays or limitations?
A: The data is subject to the typical release schedule and potential revisions of the QCEW program.
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Citation
U.S. Federal Reserve, Other Services (except Public Administration) Earnings in Maryland (MDEOTH), retrieved from FRED.