All Employees: Food Services and Drinking Places in Maryland
SMU24000007072200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
197.70
Year-over-Year Change
8.33%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Food Services and Drinking Places in Maryland' economic trend measures the number of people employed in the food services and drinking places industry within the state of Maryland. This data provides insight into the health and activity of Maryland's hospitality and service sectors.
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 series tracks total employment in the food services and drinking places industry, which includes restaurants, bars, cafes, and other establishments providing food and beverages for consumption on the premises. It is a key indicator of consumer spending and economic activity in Maryland's service-oriented industries.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to monitor the strength of Maryland's hospitality and service economy.
Key Facts
- Maryland has over 13,000 food service and drinking establishments.
- The industry employs more than 230,000 people in the state.
- Food services and drinking places account for over 8% of Maryland's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the food services and drinking places industry within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and activity of Maryland's hospitality and service sectors, which are important drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the strength of Maryland's hospitality and service economy, which can inform decisions on economic development, workforce, and consumer policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical one-month delay.
Related Trends
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Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Maryland
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Estimated Percent of People Age 0-17 in Poverty for Maryland
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Regional Price Parities: Goods: Nonmetropolitan Portion for Maryland
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Estimated Percent of People Under Age 5 in Poverty for Maryland
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Citation
U.S. Federal Reserve, All Employees: Food Services and Drinking Places in Maryland (SMU24000007072200001A), retrieved from FRED.