All Employees: Financial Activities in Maryland
MDFIRE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.40
Year-over-Year Change
0.71%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Financial Activities in Maryland' series measures the total number of employees in the financial activities sector within the state of Maryland. This key economic indicator provides insight into the health and growth of Maryland's financial 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 financial activities sector encompasses a wide range of businesses, including banking, insurance, real estate, and other financial services. Tracking employment in this sector helps economists and policymakers understand broader trends in Maryland's economy and labor market.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is used by analysts to assess the competitiveness and outlook of Maryland's financial services industry.
Key Facts
- Maryland has a large and diverse financial services sector.
- Employment in this sector has shown steady growth over the past decade.
- The financial activities industry is a major contributor to Maryland's GDP.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Financial Activities in Maryland' series tracks the total number of people employed in the financial services industry within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of Maryland's financial 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 surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this employment metric to assess the competitiveness and outlook of Maryland's financial services industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities in Maryland (MDFIRE), retrieved from FRED.