All Employees: Education and Health Services: Social Assistance in Maryland
SMU24000006562400001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.99
Year-over-Year Change
6.56%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of all employees in the education and health services sector, specifically in the social assistance industry, for the state of Maryland. It provides valuable insights into the labor market and economic conditions in this critical service sector.
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: Social Assistance in Maryland trend tracks the total number of people employed in the social assistance industry, which includes organizations providing individual and family services, community food and housing, and emergency and other relief services. This data is used by economists and policymakers to assess the health and resilience of Maryland's service-based economy.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by state and federal officials to inform policy decisions related to the education, healthcare, and social services sectors.
Key Facts
- Maryland's social assistance industry employs over 100,000 people.
- Employment in this sector has grown by 15% over the past decade.
- The social assistance industry is a significant driver of Maryland's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the social assistance industry, which includes organizations providing individual and family services, community food and housing, and emergency and other relief services, in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and resilience of Maryland's service-based economy, particularly the education, healthcare, and social services sectors, which are crucial for the well-being of the state's residents.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by state and federal officials to inform policy decisions related to the education, healthcare, and social services sectors in Maryland.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, with a short delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Social Assistance in Maryland (SMU24000006562400001SA), retrieved from FRED.