Finance and Insurance Wages and Salaries in Nebraska
NEWFIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,774,272.00
Year-over-Year Change
15.54%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Finance and Insurance Wages and Salaries in Nebraska' trend measures total compensation paid to employees in the finance and insurance sector in the state of Nebraska. This metric is a key indicator of economic activity and labor market conditions in this important 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 series represents the total wages, salaries, and supplements paid to employees working in the finance and insurance sector in Nebraska. It is a useful proxy for the overall health and employment levels within this industry, which is a major driver of economic growth and development in the state.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to gauge the performance of Nebraska's finance and insurance sector and its contribution to the state's economy.
Key Facts
- Finance and insurance is a major industry in Nebraska, accounting for over 5% of the state's GDP.
- Wages and salaries in this sector have grown by 20% over the past 5 years.
- Nebraska has a higher concentration of finance and insurance jobs compared to the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total wages, salaries, and supplements paid to employees in the finance and insurance sector in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and labor market conditions in an important industry for Nebraska's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the performance of Nebraska's finance and insurance sector and its contribution to the state's economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Finance and Insurance Wages and Salaries in Nebraska (NEWFIN), retrieved from FRED.