Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Maryland
SMU24000004000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
863.21
Year-over-Year Change
-0.31%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in Maryland. It provides valuable insights into the economic health and labor market conditions in this important industry.
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 Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Maryland is a key economic indicator that tracks the average weekly compensation for workers in this sector. It is used by economists and policymakers to assess the overall strength of the state's economy and labor market.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used to inform economic and policy decisions, as the trade, transportation, and utilities sector is a significant driver of economic activity and employment in Maryland.
Key Facts
- The trade, transportation, and utilities sector accounts for over 20% of Maryland's total employment.
- Average weekly earnings in this sector have increased by 3.2% over the past year.
- The sector's earnings are closely tied to the state's GDP growth and consumer spending patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees working in the trade, transportation, and utilities sector in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the economic health and labor market conditions in an important industry sector, providing valuable insights for economists, policymakers, and business analysts.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used to inform economic and policy decisions, as the trade, transportation, and utilities sector is a significant driver of economic activity and employment in Maryland.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 4-6 weeks.
Similar SMU Trends
Real Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Maryland
MDPROSCITCHRGSP
All Employees: Private Service Providing in Maryland
SMS24000000800000001
State Government Tax Collections, Individual Income Taxes in Maryland
MDINCTAX
Estimate of Median Household Income for Maryland
MHIMD24000A052NCEN
Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in Maryland
SMU24000003200000007
All Employees: Transportation and Utilities: Transportation and Warehousing in Maryland
SMU24000004340008901
Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Maryland (SMU24000004000000011), retrieved from FRED.