All Employees: Education and Health Services: Hospitals in Maryland
SMU24000006562200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.41
Year-over-Year Change
3.96%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of all employees in the education and health services sector, specifically in the hospitals industry in the state of Maryland. It provides valuable insights into the labor market and economic activity within this crucial 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 All Employees: Education and Health Services: Hospitals in Maryland data series tracks the total number of individuals employed in the hospital industry, a key component of the broader education and health services sector, within the state of Maryland. This metric is widely used by economists and policymakers to assess the health and performance of the local labor market and broader economic conditions.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of establishments.
Historical Context
This trend is closely monitored by policymakers and industry analysts to understand the dynamics of the healthcare sector and its impact on the overall Maryland economy.
Key Facts
- Maryland's hospital industry employs over 130,000 workers.
- The hospitals sector accounts for nearly 20% of total employment in Maryland's education and health services industry.
- Employment in Maryland's hospitals has grown by over 10% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals employed in the hospital industry, a key component of the education and health services sector, within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess the health and performance of the local labor market and broader economic conditions in Maryland.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of establishments.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and industry analysts to understand the dynamics of the healthcare sector and its impact on the overall Maryland economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Hospitals in Maryland (SMU24000006562200001SA), retrieved from FRED.