All Employees: Information: Telecommunications in Maryland
SMU24000005051700001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.13
Year-over-Year Change
-5.26%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the telecommunications industry in the state of Maryland. It provides important insights into the labor market and economic conditions within this key sector.
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: Information: Telecommunications in Maryland series tracks the monthly employment levels in the telecommunications industry across the state. This data is used by economists, policymakers, and businesses to analyze industry trends, workforce dynamics, and the broader economic landscape.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the health and competitiveness of Maryland's telecommunications sector, which has implications for infrastructure investment, technology adoption, and economic development.
Key Facts
- Maryland is home to over 70,000 telecommunications workers.
- Telecommunications accounts for 2.3% of total employment in the state.
- Employment in this sector has grown by 7.9% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the telecommunications industry within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and competitiveness of Maryland's telecommunications sector, which is an important driver of economic growth, technology investment, and infrastructure development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment data to inform decisions around infrastructure investment, workforce development, and supporting the growth of Maryland's technology and telecommunications industries.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Information: Telecommunications in Maryland (SMU24000005051700001SA), retrieved from FRED.