All Employees: Professional and Business Services: Computer Systems Design and Related Services in Maryland
SMU24000006054150001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.40
Year-over-Year Change
-7.27%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the computer systems design and related services industry in Maryland. It is an important indicator of the state's technology sector and economic health.
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: Computer Systems Design and Related Services in Maryland indicator tracks the number of people employed in this key industry within the state. It provides insights into the strength and growth of Maryland's technology and professional services economy.
Methodology
The data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by policymakers, economists, and businesses to understand labor market conditions and economic trends in Maryland.
Key Facts
- Maryland's computer systems design sector employs over 75,000 workers.
- Employment in this industry has grown by 20% in the past 5 years.
- The average wage in Maryland's computer systems design sector is $115,000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the computer systems design and related services industry within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the strength and growth of Maryland's technology and professional 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 establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this trend to understand labor market conditions and economic trends in Maryland, which informs policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Computer Systems Design and Related Services in Maryland (SMU24000006054150001), retrieved from FRED.