Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Maryland
SMU24000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.00
Year-over-Year Change
-3.03%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Maryland' is an important economic indicator that measures the average number of hours worked per week by employees in the trade, transportation, and utilities sector in the state of Maryland.
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 trend provides insight into the labor market conditions and productivity in a key component of Maryland's economy. It is closely monitored by economists, policymakers, and businesses to understand the state's economic health and make informed decisions.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is useful for analyzing employment, consumer demand, and inflationary pressures in Maryland.
Key Facts
- Maryland's trade, transportation, and utilities sector accounts for over 20% of the state's employment.
- Average weekly hours peaked at 41.1 in April 2022, indicating strong demand for labor.
- The trend has remained relatively stable since the COVID-19 pandemic, suggesting gradual economic recovery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the trade, transportation, and utilities sector in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions, productivity, and economic activity in a key sector of Maryland's economy, which is useful for analysts, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to analyze employment, consumer demand, and inflationary pressures in Maryland's economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of about one month, and may be subject to revisions as more information becomes available.
Related Trends
Exports of Goods for Maryland
EXPTOTMD
Other Services (Except Public Administration) Wages and Salaries in Maryland
MDWOTH
Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Maryland
MDTRANGRNDTRANQGSP
Housing Inventory: Price Increased Count in Maryland
PRIINCCOUMD
Housing Inventory: New Listing Count in Maryland
NEWLISCOUMD
Health Care and Social Assistance Earnings in Maryland
MDEHEA
Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Maryland (SMU24000004000000002), retrieved from FRED.