All Employees: Financial Activities in New Mexico
This dataset tracks all employees: financial activities in new mexico over time.
Latest Value
37.40
Year-over-Year Change
5.35%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Financial Activities in New Mexico' trend measures employment levels in the financial sector within the state of New Mexico. This metric is closely watched by economists and policymakers to assess the health and growth of the local 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 series tracks the total number of employees in New Mexico's financial activities sector, which includes jobs in banking, insurance, securities, and real estate. It provides insight into the overall strength and stability of the state's financial markets and services industry.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in financial employment are used to inform economic policy decisions and monitor market conditions at the state and national levels.
Key Facts
- New Mexico's financial sector accounts for over 4% of the state's total employment.
- Financial activities employment in New Mexico has grown by 8% over the past 5 years.
- The financial industry is the 3rd largest private-sector employer in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the financial activities sector within the state of New Mexico, including jobs in banking, insurance, securities, and real estate.
Q: Why is this trend relevant for users or analysts?
A: Trends in financial employment are closely watched by economists and policymakers as an indicator of the overall health and growth of a state's financial industry and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform decisions on economic development, tax policies, and regulatory oversight targeting the financial sector at the state level.
Q: Are there update delays or limitations?
A: The data is published with a 1-month lag and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities in New Mexico (NMFIRE), retrieved from FRED.