All Employees: Durable Goods: Computer and Electronic Product Manufacturing in Maryland
This dataset tracks all employees: durable goods: computer and electronic product manufacturing in maryland over time.
Latest Value
21.20
Year-over-Year Change
10.42%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the computer and electronic product manufacturing industry in Maryland. It provides important insights into the state's manufacturing sector and technological capabilities.
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: Durable Goods: Computer and Electronic Product Manufacturing in Maryland metric tracks the total number of individuals employed in the production of computers, electronics, and related goods within the state. This data point is a key indicator of Maryland's industrial composition and technological prowess.
Methodology
The U.S. Bureau of Labor Statistics collects this data through monthly surveys of Maryland-based businesses.
Historical Context
Policymakers and economists use this metric to assess the strength and trends within Maryland's high-tech manufacturing industries.
Key Facts
- Maryland has a strong computer and electronics manufacturing sector.
- This industry accounts for a significant portion of the state's total manufacturing employment.
- Employment in this sector has fluctuated over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the computer and electronic product manufacturing industry within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength and competitiveness of Maryland's high-tech manufacturing capabilities, which is important for understanding the state's economic composition and potential.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of Maryland-based businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health and trends within Maryland's computer and electronics manufacturing sector, which can inform decisions around economic development, workforce planning, and industrial policies.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the metric does not capture all aspects of the computer and electronics manufacturing industry in Maryland.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Computer and Electronic Product Manufacturing in Maryland (SMU24000003133400001A), retrieved from FRED.