All Employees: Information in Maryland
SMU24000005000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.30
Year-over-Year Change
-13.82%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Information in Maryland' series tracks the total number of employees in the information industry within the state of Maryland. This metric is closely watched by economists and policymakers to gauge the health and growth of Maryland's technology and digital sectors.
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 information industry encompasses companies and workers involved in publishing, telecommunications, data processing, and other information-based economic activities. Tracking employment trends in this sector provides insight into Maryland's innovation economy and its role in the broader regional and national technology landscape.
Methodology
The data is collected through monthly surveys of Maryland businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in information employment are used to inform state and local economic development policies and investments.
Key Facts
- Maryland's information sector accounts for over 140,000 jobs.
- Information employment in Maryland has grown by 8% over the past 5 years.
- The information industry makes up 5% of Maryland's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Information in Maryland' series tracks the total number of people employed in the information industry within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of Maryland's technology and digital sectors, which are important drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Maryland businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in information employment are used to inform state and local economic development policies and investments in Maryland.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months.
Related Trends
Construction Earnings in Maryland
MDECON
Coefficient for Industrial Carbon Dioxide Emissions, Asphalt and Road Oil for Maryland
EMISSCO2CARICBMDA
Average Hourly Earnings of All Employees: Mining, Logging, and Construction in Maryland
SMU24000001500000003A
Real Gross Domestic Product: Finance and Insurance (52) in Maryland
MDFININSRQGSP
Estimated Percent of People Under Age 5 in Poverty for Maryland
PP0T4MD24000A156NCEN
90% Confidence Interval Lower Bound of Estimate of Median Household Income for Maryland
MHICILBMD24000A052NCEN
Citation
U.S. Federal Reserve, All Employees: Information in Maryland (SMU24000005000000001A), retrieved from FRED.