All Employees: Mining, Logging, and Construction in Maryland
SMU24000001500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
164.40
Year-over-Year Change
13.30%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures total employment in the mining, logging, and construction sectors in the state of Maryland. It is an important indicator of economic activity and labor market conditions in the state.
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: Mining, Logging, and Construction in Maryland series tracks the total number of workers employed in these key industries within the state. This metric is used by economists and policymakers to assess the health and trends of Maryland's construction, natural resource extraction, and related sectors.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend provides insight into the performance of Maryland's economy and is relevant for market analysis, infrastructure planning, and policy decisions.
Key Facts
- Maryland has a diverse economy with a robust construction sector.
- Employment in mining, logging, and construction accounts for around 5% of the state's total workforce.
- This economic indicator is closely watched by policymakers and industry analysts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the mining, logging, and construction industries within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides important insight into the performance and health of Maryland's construction, natural resource, and related sectors, which are crucial components of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by policymakers, economists, and market analysts to assess the state of Maryland's economy and inform decisions related to infrastructure investment, resource management, and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Mining, Logging, and Construction in Maryland (SMU24000001500000001A), retrieved from FRED.