All Employees: Financial Activities: Finance and Insurance in Maryland
SMU24000005552000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.70
Year-over-Year Change
0.51%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the finance and insurance industry in Maryland. It provides insight into the health and growth of this important 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: Financial Activities: Finance and Insurance in Maryland trend tracks the total number of jobs in the finance and insurance industry across the state. This data is a key indicator of economic activity and employment trends in Maryland's financial services sector.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor the strength and evolution of Maryland's finance and insurance job market.
Key Facts
- Maryland has over 120,000 finance and insurance jobs.
- The industry accounts for 5% of total employment in the state.
- Employment in this sector has grown by 10% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the finance and insurance industry across the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insight into the health and growth of Maryland's financial services sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor employment trends in Maryland's finance and insurance industry, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical delay of one to two months.
Similar SMU Trends
High School Graduate or Higher for Maryland
GCT1501MD
Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Maryland
MDAGRNGSP
All Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Maryland
SMU24000005552200001
Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Maryland
MDPLASRUBMANRGSP
Chain-Type Quantity Index for Real GDP: Military in Maryland
MDGOVFEDMILQGSP
All Employees: Architectural, Engineering, and Related Services in Maryland
SMU24000006054130001A
Citation
U.S. Federal Reserve, All Employees: Financial Activities: Finance and Insurance in Maryland (SMU24000005552000001), retrieved from FRED.