All Employees: Leisure and Hospitality: Food Services and Drinking Places in Maryland
SMU24000007072200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
198.01
Year-over-Year Change
0.06%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Leisure and Hospitality: Food Services and Drinking Places in Maryland' metric tracks employment levels in the food services and drinking establishments sector within Maryland's leisure and hospitality industry. This data provides insights into the economic health and labor market trends in the state's service-focused industries.
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 series measures the total number of employees in food services and drinking places, which are part of the broader leisure and hospitality sector in Maryland. It is a key indicator of consumer demand, business operations, and labor market conditions in the state's service-based economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to gauge the performance and outlook of Maryland's service industries, which are important contributors to the state's overall economic activity.
Key Facts
- Maryland's food services and drinking places employ over 300,000 workers.
- Employment in this sector accounts for nearly 10% of the state's total nonfarm payrolls.
- The industry experienced significant job losses during the COVID-19 pandemic but has since partially recovered.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees in food services and drinking places, which are part of Maryland's leisure and hospitality industry.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand, business operations, and labor market conditions in Maryland's service-focused economy, which is a key driver of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the performance and outlook of Maryland's service industries, which are important contributors to the state's overall economic activity.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Food Services and Drinking Places in Maryland (SMU24000007072200001SA), retrieved from FRED.