Quarterly, Seasonally Adjusted
LFIN25FEO1Q647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70,510,000.00
Year-over-Year Change
-3.26%
Date Range
1/1/2005 - 4/1/2017
Summary
This quarterly, seasonally adjusted economic trend measures the number of employees in the finance and insurance industry in the United States. It is a key indicator for analyzing the health and performance of the financial 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 finance and insurance employment data provides insights into the labor dynamics of a critical industry that plays a central role in the broader economy. Economists and policymakers use this time series to assess employment trends, business cycle fluctuations, and the overall state of the financial services sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other economic institutions to gauge the strength of the financial industry and its implications for monetary policy and economic stability.
Key Facts
- The finance and insurance industry accounts for over 6 million U.S. jobs.
- Employment in this sector grew by 3.2% in 2022 compared to the prior year.
- The finance and insurance industry contributes over $1.5 trillion to U.S. GDP annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the finance and insurance industry in the United States on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and performance of a critical sector of the U.S. economy, which is closely monitored by economists, policymakers, and financial analysts.
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: The Federal Reserve and other economic institutions closely track this trend to gauge the strength of the financial industry and its implications for monetary policy and economic stability.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a typical lag of one to two months from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFIN25FEO1Q647S), retrieved from FRED.