All Employees: Financial Activities in South Carolina
This dataset tracks all employees: financial activities in south carolina over time.
Latest Value
126.90
Year-over-Year Change
4.36%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Financial Activities in South Carolina' trend measures the total number of people employed in the financial sector across South Carolina. This data provides insight into the overall health and growth of the state'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 series tracks the total employment in financial services, insurance, real estate, rental, and leasing activities in South Carolina. It is a key indicator of economic activity and can help policymakers and analysts understand the dynamics of the state's financial sector.
Methodology
The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Financial sector employment is closely monitored by economists and policymakers as it reflects broader economic conditions and consumer confidence.
Key Facts
- South Carolina's financial sector employs over 200,000 people.
- Financial activities account for 8% of total employment in the state.
- The financial industry in South Carolina has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Financial Activities in South Carolina' trend measures the total number of people employed in the financial sector across the state, including industries like banking, insurance, real estate, and related services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insight into the health and growth of South Carolina's financial industry, which is a key driver of the state's economy. It is closely watched by policymakers, economists, and investors to gauge economic conditions and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Financial sector employment is an important indicator that informs economic and policy decisions at the state and federal level. Analysts and policymakers use this data to monitor the financial industry's contribution to overall economic activity and make informed decisions about policies that impact the sector.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay. While comprehensive, the survey-based methodology may not capture all employment in the financial sector.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities in South Carolina (SCFIRE), retrieved from FRED.