All Employees: Leisure and Hospitality: Accommodation in Maryland
SMU24000007072100001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.50
Year-over-Year Change
-0.34%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the leisure and hospitality sector's accommodation industry in Maryland. It provides insight into the state's tourism and service economy.
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: Leisure and Hospitality: Accommodation in Maryland series tracks the employment levels of hotels, motels, and other lodging establishments within the state. This data is used by economists and policymakers to analyze the health of Maryland's tourism and service industries.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this series help inform decisions around economic development, infrastructure, and consumer spending policies.
Key Facts
- Maryland's accommodation sector employed over 40,000 workers as of the latest data.
- Accommodation jobs make up roughly 10% of Maryland's total leisure and hospitality workforce.
- Employment in this sector has fluctuated in recent years due to the impact of the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the accommodation industry, such as hotels and motels, within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and performance of Maryland's tourism and service economy, which is an important driver of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in this series help inform decisions around economic development, infrastructure, and consumer spending policies that impact Maryland's tourism and service industries.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in Maryland (SMU24000007072100001), retrieved from FRED.