All Employees: Leisure and Hospitality: Accommodation and Food Services in Maryland
SMS24000007072000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
223.60
Year-over-Year Change
-0.36%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the leisure and hospitality sector, specifically accommodation and food services, in the state of Maryland. It provides valuable insights into the strength and resilience of a key service industry within the state's economy.
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: Accommodation and Food Services in Maryland metric tracks the number of people employed in hotels, restaurants, bars, and other hospitality-related businesses across the state. This data is used by economists and policymakers to gauge the health and trajectory of Maryland's service sector.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by state and local officials, as the leisure and hospitality industry is a major driver of economic activity and employment in many communities.
Key Facts
- Maryland's leisure and hospitality sector accounts for over 10% of the state's total employment.
- The industry experienced significant job losses during the COVID-19 pandemic but has since begun to recover.
- Accommodation and food services make up the largest subsector within Maryland's leisure and hospitality industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the leisure and hospitality sector, specifically in accommodation and food services businesses, within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and performance of a key service industry in Maryland's economy, which is crucial for understanding the state's economic trajectory and supporting informed policymaking.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: State and local officials closely monitor this trend to gauge the strength of Maryland's leisure and hospitality industry, which is a major driver of economic activity and employment in many communities.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delay in the reporting of the most recent figures.
Related Trends
Real Per Capita Personal Income: Nonmetropolitan Portion for Maryland
MDNMPRPIPC
Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Maryland
MDMVEHMANNGSP
Per Capita Personal Consumption Expenditures: Services: Transportation Services for Maryland
MDPCEPCTRANS
Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Maryland
MDOTHTRANRGSP
All Employees: Food Services and Drinking Places in Maryland
SMU24000007072200001A
Housing Inventory: Pending Listing Count Year-Over-Year in Maryland
PENLISCOUYYMD
Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation and Food Services in Maryland (SMS24000007072000001), retrieved from FRED.