All Employees: Construction in Maryland
SMU24000002000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
162.80
Year-over-Year Change
13.29%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Construction in Maryland' metric tracks the total number of workers employed in the construction industry across the state of Maryland. This provides valuable insights into the health and activity of the local 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 data series represents the total number of employees in the construction industry in Maryland, a key indicator of economic activity and infrastructure investment in the state. Economists and policymakers use this metric to assess the strength of the construction industry and its impact on the broader state economy.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
The construction employment trend is closely watched by market analysts and government officials to gauge Maryland's economic performance and growth prospects.
Key Facts
- Construction is a major industry in Maryland, comprising over 160,000 jobs.
- Maryland's construction employment has rebounded strongly since the Great Recession.
- The construction sector is a key driver of economic activity and infrastructure development in the state.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Construction in Maryland' metric tracks the total number of workers employed in the construction industry across the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the health and activity of Maryland's construction sector, which is a key driver of economic growth and infrastructure development in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the strength of the construction industry and its impact on the broader state economy, informing decisions around infrastructure investment, economic development, and workforce policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag, providing timely insights into the construction industry's performance.
Related Trends
Value of Exports to Portugal from Maryland
MDPRTA052SCEN
Real Gross Domestic Product: Furniture and Related Product Manufacturing (337) in Maryland
MDFURNMANRGSP
Real Gross Domestic Product: Legal Services (5411) in Maryland
MDLEGALRGSP
Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Maryland
MEDLISPRIPERSQUFEEMMMD
Regional Price Parities: Goods: Nonmetropolitan Portion for Maryland
MDNMPRPPGOOD
Employed Involuntary Part-Time for Maryland
INVOLPTEMPMD
Citation
U.S. Federal Reserve, All Employees: Construction in Maryland (SMU24000002000000001A), retrieved from FRED.