All Employees: Financial Activities: Credit Intermediation and Related Activities including Monetary Authorities - Central Bank in Maryland
SMU24000005552200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.40
Year-over-Year Change
-26.86%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the financial activities sector, specifically in credit intermediation and related activities, including monetary authorities and central banking, in the state of Maryland.
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: Credit Intermediation and Related Activities including Monetary Authorities - Central Bank in Maryland series tracks the employment levels in this key economic sector, providing insights into the financial and banking industry's workforce and activities in the state.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and financial analysts to assess the health and dynamics of the financial services industry in Maryland.
Key Facts
- Maryland's financial activities sector employs over 130,000 people.
- Credit intermediation and related activities account for the majority of financial employment in the state.
- The sector has experienced steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the financial activities sector, specifically in credit intermediation and related activities, including monetary authorities and central banking, in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and dynamics of the financial services industry in Maryland, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and financial analysts use this trend to assess the performance and outlook of the financial services sector in Maryland, which informs economic and regulatory decision-making.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the CES survey.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Credit Intermediation and Related Activities including Monetary Authorities - Central Bank in Maryland (SMU24000005552200001A), retrieved from FRED.