Initial Claims in Maryland
MDICLAIMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,407.00
Year-over-Year Change
-5.61%
Date Range
6/3/2006 - 7/26/2025
Summary
The Initial Claims in Maryland trend measures the number of people in Maryland who have filed for unemployment insurance benefits for the first time. This metric is a key indicator of the state's economic health and labor market conditions.
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 Initial Claims in Maryland data tracks the number of new unemployment insurance claims filed by workers in the state. This measure provides an early signal of changes in the labor market, as layoffs and job losses typically lead to an increase in initial claims.
Methodology
The data is collected by the Maryland Department of Labor through reports from employers and unemployment insurance offices.
Historical Context
Policymakers and economists analyze this trend to assess the strength of the state's economy and make informed decisions about employment, training, and social support programs.
Key Facts
- Maryland's initial claims have declined from a pandemic-related peak in 2020.
- Initial claims are a leading indicator of changes in the state's employment levels.
- Monitoring initial claims helps policymakers respond to economic downturns.
FAQs
Q: What does this economic trend measure?
A: The Initial Claims in Maryland trend tracks the number of new unemployment insurance claims filed by workers in the state, providing an early signal of changes in the labor market.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Maryland's economic health and labor market conditions, helping policymakers and economists assess the strength of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the Maryland Department of Labor through reports from employers and unemployment insurance offices.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to make informed decisions about employment, training, and social support programs in Maryland.
Q: Are there update delays or limitations?
A: The Initial Claims in Maryland data is published regularly by the Federal Reserve, with minimal delays in reporting.
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Citation
U.S. Federal Reserve, Initial Claims in Maryland (MDICLAIMS), retrieved from FRED.