All Employees: Construction in Maryland
SMS24000002000000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159.10
Year-over-Year Change
-2.51%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'All Employees: Construction in Maryland' series tracks the total number of people employed in the construction industry in the state of Maryland. This measure provides insight into the health and activity of the state's construction sector.
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
This series represents the total number of employees working in the construction industry in Maryland. It is a key indicator of construction activity and investment in the state's economy, reflecting factors like commercial building, infrastructure projects, and residential development.
Methodology
The data is collected through surveys of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this data to assess the strength of Maryland's construction industry and its broader economic trajectory.
Key Facts
- Construction is a major industry in Maryland, accounting for over 170,000 jobs.
- Maryland's construction employment reached a peak of 178,000 in early 2020 before declining during the COVID-19 pandemic.
- The construction sector has been a key driver of economic growth in Maryland in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Construction in Maryland' series tracks the total number of people employed in the construction industry within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and activity of Maryland's construction sector, which is an important driver of the state's economy. It is useful for policymakers, investors, and analysts seeking to understand broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the strength of Maryland's construction industry and its broader economic trajectory, informing decisions on issues such as infrastructure investment, housing policy, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month, so there may be a short delay in reflecting the most recent employment figures.
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Citation
U.S. Federal Reserve, All Employees: Construction in Maryland (SMS24000002000000001), retrieved from FRED.