All Employees: Financial Activities: Insurance Carriers in Alabama
SMU01000005552410001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.60
Year-over-Year Change
-2.86%
Date Range
1/1/2003 - 7/1/2025
Summary
This economic trend measures the total number of employees in the insurance carrier industry in Alabama. It is an important indicator of the state's financial services sector and economic health.
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: Insurance Carriers in Alabama series tracks the monthly employment levels for insurance companies located in the state. This data provides insights into the size and growth of Alabama's insurance industry, which is a key component of the state's financial services sector.
Methodology
This data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this trend to monitor the performance and outlook of Alabama's insurance sector.
Key Facts
- Alabama has over 60,000 insurance industry employees.
- Insurance carriers make up about 10% of Alabama's financial activities employment.
- Employment in Alabama's insurance sector has grown by 15% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the insurance carrier industry within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the size and performance of Alabama's insurance sector, which is a key part of the state's financial services industry and economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this data to monitor the health and outlook of Alabama's insurance industry, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: This data is published monthly by the Federal Reserve with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers in Alabama (SMU01000005552410001), retrieved from FRED.