All Employees: Financial Activities in Maine
MEFIRE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.70
Year-over-Year Change
1.51%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Financial Activities in Maine' trend measures employment in the financial services sector in the state of Maine. This data is crucial for understanding the health and growth of Maine's financial 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
This economic indicator tracks the number of people employed in financial services, including banking, insurance, and real estate, within the state of Maine. It provides insight into the strength and direction of Maine's financial sector, which is an important component of the state's overall economy.
Methodology
The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the performance of Maine's financial industry and its impact on the broader state economy.
Key Facts
- Maine's financial sector employs over 30,000 people.
- Employment in financial activities has grown by 5% in Maine over the past 5 years.
- The financial services industry accounts for nearly 8% of Maine's total employment.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Financial Activities in Maine' trend measures the number of people employed in the financial services sector within the state of Maine, including banking, insurance, and real estate.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and growth of Maine's financial industry, which is a crucial component of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health and direction of Maine's financial sector and its impact on the broader state economy, informing policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a typical release lag of 1-2 months. There may be occasional revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities in Maine (MEFIRE), retrieved from FRED.