All Employees: Financial Activities: Real Estate and Rental and Leasing in Maine
SMS23000005553000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.70
Year-over-Year Change
5.48%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures total employment in the real estate and rental and leasing industry in Maine. It provides valuable insights into the state's real estate market and broader economic 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 All Employees: Financial Activities: Real Estate and Rental and Leasing in Maine trend tracks the total number of individuals employed in this specific industry sector within the state. It serves as an important indicator of real estate activity and market dynamics.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess the health of Maine's real estate industry and its implications for the broader state economy.
Key Facts
- Maine's real estate and rental and leasing industry employs over 20,000 people.
- Employment in this sector has grown by 5% over the past 5 years.
- The real estate industry accounts for approximately 3% of Maine's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals employed in the real estate and rental and leasing industry within the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and activity of Maine's real estate market, which is an important component of the state's broader economic performance.
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: Policymakers and economists use this trend to assess the state of Maine's real estate industry and its implications for the overall state economy, informing policy decisions and economic analysis.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a short delay of a few weeks to allow for data collection and processing.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Real Estate and Rental and Leasing in Maine (SMS23000005553000001), retrieved from FRED.