All Employees: Professional and Business Services: Architectural, Engineering, and Related Services in Maryland
SMU24000006054130001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.44
Year-over-Year Change
2.72%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the architectural, engineering, and related services industry in Maryland. It provides insight into the strength and growth of this key professional services sector in the state.
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: Professional and Business Services: Architectural, Engineering, and Related Services in Maryland series tracks the monthly employment levels for this industry, which includes firms that provide architectural, engineering, and related services. This data is used to analyze trends in a critical component of Maryland's professional services economy.
Methodology
This data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this industry are closely watched by policymakers and economists as an indicator of broader economic and infrastructure activity in the state.
Key Facts
- Maryland has over 60,000 employees in architectural and engineering services.
- Employment in this industry grew by 4.2% in the past year.
- Architectural and engineering services account for 20% of Maryland's professional services jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the architectural, engineering, and related services industry in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength and growth of a key professional services sector in Maryland, which is an important indicator of broader economic and infrastructure activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in architectural and engineering services employment are closely watched by policymakers and economists as a gauge of infrastructure investment and broader economic conditions in Maryland.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Architectural, Engineering, and Related Services in Maryland (SMU24000006054130001SA), retrieved from FRED.