All Employees: Financial Activities: Finance and Insurance in Maine
This dataset tracks all employees: financial activities: finance and insurance in maine over time.
Latest Value
26.00
Year-over-Year Change
0.39%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of employees in the finance and insurance industry in the state of Maine. It provides insights into the overall health and employment levels within this important economic sector.
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
The All Employees: Financial Activities: Finance and Insurance in Maine series tracks the total employment in the finance and insurance industry across the state. This data is a key indicator of economic activity and labor market conditions in Maine's financial services sector.
Methodology
The data is collected through surveys of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this employment trend to assess the performance and outlook of Maine's finance and insurance industry.
Key Facts
- Maine's finance and insurance industry employs over 30,000 people.
- Employment in this sector has grown by 5% over the past 5 years.
- The finance and insurance industry accounts for 4% of total employment in Maine.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the finance and insurance industry across the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insight into the health and performance of Maine's financial services sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment trend to assess the outlook and needs of Maine's finance and insurance industry when developing economic policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but may have a 1-2 month delay before publication.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Finance and Insurance in Maine (SMS23000005552000001), retrieved from FRED.