Average Weekly Hours of All Employees: Leisure and Hospitality in Maryland
SMU24000007000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.20
Year-over-Year Change
2.44%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Leisure and Hospitality in Maryland' tracks the average number of hours worked per week by employees in the leisure and hospitality sector in Maryland. This metric provides insight into labor market conditions and economic activity 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
This economic indicator measures the average number of hours worked per week by all employees in the leisure and hospitality industry in the state of Maryland. It offers a timely gauge of labor demand and productivity within this important service sector.
Methodology
The data is collected through surveys of Maryland businesses and establishments in the leisure and hospitality industry.
Historical Context
Policymakers and economists monitor this metric to assess the health of Maryland's service economy and labor market.
Key Facts
- Maryland's leisure and hospitality sector employs over 300,000 workers.
- Average weekly hours peaked at 29.5 in July 2019 before declining during the COVID-19 pandemic.
- Leisure and hospitality is a key driver of Maryland's economy, contributing over $12 billion annually.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average number of hours worked per week by all employees in the leisure and hospitality industry in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor demand and productivity within Maryland's important service 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 surveys of Maryland businesses and establishments in the leisure and hospitality industry.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to assess the health of Maryland's service economy and labor market.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Leisure and Hospitality in Maryland (SMU24000007000000002), retrieved from FRED.