All Employees: Retail Trade: Health and Personal Care Retailers in Maryland
SMU24000004245600001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.90
Year-over-Year Change
-0.56%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the health and personal care retail industry in the state of Maryland. It is an important indicator of the strength and growth of this sector within the state's economy.
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: Health and Personal Care Retailers in Maryland series tracks the total employment in this specific retail sub-industry across the state. It provides insights into the labor market dynamics and consumer demand for health and personal care products in Maryland.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the health of Maryland's retail trade sector and consumer spending patterns.
Key Facts
- Maryland's health and personal care retail industry employs over 50,000 workers.
- Employment in this sector has grown by 15% in the past 5 years.
- Retail trade accounts for 11% of Maryland's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the health and personal care retail industry across the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market and consumer demand dynamics within Maryland's retail trade sector, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts closely monitor this trend to assess the health of Maryland's retail trade sector and consumer spending patterns, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Health and Personal Care Retailers in Maryland (SMU24000004245600001), retrieved from FRED.