All Employees: Other Services: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Maryland
SMU24000008081300001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.20
Year-over-Year Change
-2.19%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the Other Services sector, specifically in religious, grantmaking, civic, professional, and similar organizations in Maryland. It provides insights into the labor market within this important service industry.
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: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Maryland trend tracks the number of people employed in a variety of nonprofit and professional services in the state. It is a key indicator of economic activity and workforce dynamics in this diverse sector.
Methodology
The data is collected through surveys of businesses and organizations conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, economists, and industry analysts to understand the health and trajectory of Maryland's service-based economy.
Key Facts
- Maryland has the 5th largest Other Services sector in the U.S.
- Employment in this sector grew by 2.5% in 2022.
- The average wage in this industry is $56,000 per year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the Other Services sector, specifically in religious, grantmaking, civic, professional, and similar organizations located in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and dynamics of Maryland's service-based economy, which is an important driver of employment and economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and organizations conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this trend to understand the labor market and economic conditions within Maryland's nonprofit and professional services sectors.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months. There may be some limitations in coverage for smaller organizations or new businesses.
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Citation
U.S. Federal Reserve, All Employees: Other Services: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Maryland (SMU24000008081300001), retrieved from FRED.