All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Maryland
SMS24000007071000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.60
Year-over-Year Change
8.00%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the arts, entertainment, and recreation industries in Maryland. It provides insights into the state's leisure and hospitality sector, which is a key driver of economic activity.
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: Leisure and Hospitality: Arts, Entertainment, and Recreation in Maryland series tracks the number of individuals employed in these related industries across the state. This data is used by economists and policymakers to monitor the health and recovery of Maryland's tourism and entertainment-focused businesses.
Methodology
The data is collected through surveys of businesses and establishments in Maryland.
Historical Context
This trend is closely watched as an indicator of consumer spending, leisure activity, and the overall economic climate in the state.
Key Facts
- Maryland's arts, entertainment, and recreation sector employs over 70,000 workers.
- This industry accounts for over 4% of total employment in the state.
- Employment in this sector declined sharply during the COVID-19 pandemic but has since partially recovered.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the arts, entertainment, and recreation industries in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and recovery of Maryland's leisure and hospitality sector, which is an important driver of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in Maryland.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor consumer spending, leisure activity, and the overall economic climate in Maryland.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may not reflect the most recent changes in employment.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Maryland (SMS24000007071000001), retrieved from FRED.