Finance and Insurance Earnings in Oregon
OREFIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,155,300.00
Year-over-Year Change
7.75%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Finance and Insurance Earnings in Oregon' series measures total wages and salaries paid to employees in the finance and insurance sector within the state of Oregon. This data provides insights into the economic performance and labor market trends of a key 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 data series tracks the total earnings, including wages and salaries, of workers employed in Oregon's finance and insurance industry. It is a useful indicator of the overall health and growth of this crucial economic sector, which includes banking, insurance, investment firms, and other financial services.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and other sources.
Historical Context
Policymakers and analysts use this data to assess the economic conditions and outlook for Oregon's finance and insurance industry.
Key Facts
- Oregon's finance and insurance sector employs over 80,000 workers.
- Earnings in this industry have grown by over 25% in the past decade.
- The finance and insurance sector accounts for approximately 5% of Oregon's total GDP.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total wages and salaries paid to employees in Oregon's finance and insurance industry, providing insights into the economic performance of this key sector.
Q: Why is this trend relevant for users or analysts?
A: The finance and insurance industry is a crucial component of Oregon's economy, and this data helps policymakers, investors, and analysts assess the health and growth prospects of this sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and other sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor the economic conditions and outlook for Oregon's finance and insurance industry, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Finance and Insurance Earnings in Oregon (OREFIN), retrieved from FRED.