Average Weekly Earnings of All Employees: Financial Activities in Maryland
SMU24000005500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,683.61
Year-over-Year Change
2.93%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the financial activities sector in the state of Maryland. It provides important insights into the labor market and compensation trends within this key 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: Financial Activities in Maryland series tracks the mean weekly pay for workers in Maryland's financial sector, which includes industries like banking, insurance, and real estate. This data point is widely used by economists and policymakers to monitor economic conditions and wage growth.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This earnings trend is closely watched by financial analysts, investors, and government officials to gauge the strength of Maryland's economy and labor market.
Key Facts
- Maryland's financial activities sector employs over 200,000 workers.
- Average weekly earnings in this sector are 25% higher than the statewide average.
- Earnings have increased by 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees working in Maryland's financial activities sector, which includes industries like banking, insurance, and real estate.
Q: Why is this trend relevant for users or analysts?
A: This earnings data provides important insights into compensation levels and growth within a key industry, helping economists and policymakers assess the strength of Maryland's labor market and economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics (CES) survey.
Q: How is this trend used in economic policy?
A: Analysts and officials closely monitor this earnings trend to gauge the health of Maryland's financial sector and broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Financial Activities in Maryland (SMU24000005500000011), retrieved from FRED.