All Employees: Retail Trade: Grocery and Convenience Retailers in Maryland
SMU24000004244510001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.10
Year-over-Year Change
1.01%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the retail trade sector, specifically focusing on grocery and convenience retailers in the state of Maryland. It provides valuable insights into the labor market and consumer spending patterns in this critical 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 All Employees: Retail Trade: Grocery and Convenience Retailers in Maryland series tracks the number of people employed in the retail trade sector, which includes businesses like grocery stores, convenience stores, and other food and beverage retailers. This data is used by economists and policymakers to analyze trends in consumer demand, labor market conditions, and the overall health of the state's economy.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and establishments.
Historical Context
This economic trend is closely monitored by government agencies, industry groups, and market analysts to inform policy decisions and business strategies.
Key Facts
- Maryland's retail trade sector employs over 300,000 people.
- Grocery and convenience stores account for a significant portion of the state's retail employment.
- This trend has shown steady growth over the past decade, reflecting the resilience of the sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the retail trade sector, specifically in grocery and convenience stores, within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the labor market, consumer spending, and the overall health of the retail industry in Maryland, which is a key driver of the state's economy.
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 businesses and establishments.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, industry groups, and market analysts to inform policy decisions and business strategies related to the retail trade sector.
Q: Are there update delays or limitations?
A: The data is updated monthly and is generally considered timely and reliable, with minimal delays or limitations.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Grocery and Convenience Retailers in Maryland (SMU24000004244510001), retrieved from FRED.