All Employees: Other Services: Personal and Laundry Services in Maryland
SMU24000008081200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.18
Year-over-Year Change
1.66%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the personal and laundry services industry in the state of Maryland. It provides insight into the health and activity of this service sector within the state's 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: Other Services: Personal and Laundry Services in Maryland indicator tracks the monthly employment levels for businesses providing a variety of personal care services, including hair, nail, and skin care, as well as laundry and dry cleaning services. This data is used by economists and policymakers to monitor the performance of this industry and its contribution to the overall Maryland economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding consumer demand, small business activity, and labor market conditions in Maryland.
Key Facts
- Maryland's personal and laundry services industry employs over 50,000 workers.
- Employment in this sector has grown by 8% over the past 5 years.
- The industry accounts for 2.3% of total non-farm employment in Maryland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the personal and laundry services industry in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and activity of the personal services sector, which is an important component of Maryland's overall economy.
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: This employment trend is relevant for understanding consumer demand, small business activity, and labor market conditions in Maryland, which can inform economic policies and decisions.
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: Other Services: Personal and Laundry Services in Maryland (SMU24000008081200001SA), retrieved from FRED.