All Employees: Accommodation in Maryland
SMU24000007072100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.60
Year-over-Year Change
11.30%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the accommodation industry in the state of Maryland. It provides a valuable indicator of economic activity and labor market conditions in this important 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: Accommodation in Maryland metric represents the total number of individuals employed in hotels, motels, and other accommodation establishments located in the state. This data is widely used by economists, policymakers, and industry analysts to monitor trends in the state's hospitality and tourism industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in accommodation employment are closely watched as a barometer of consumer spending and travel activity in Maryland.
Key Facts
- Maryland's accommodation industry employs over 50,000 workers.
- Accommodation jobs account for 3% of total employment in the state.
- Employment in this sector has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the accommodation industry, including hotels, motels, and other lodging establishments, in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: Trends in accommodation employment are a valuable indicator of economic activity and consumer demand in Maryland's hospitality and tourism sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the health of Maryland's hospitality industry and make informed decisions about economic development, tourism promotion, and other relevant policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay. There may be some limitations in coverage or reporting for smaller accommodation establishments.
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Citation
U.S. Federal Reserve, All Employees: Accommodation in Maryland (SMU24000007072100001A), retrieved from FRED.