All Employees: Financial Activities: Insurance Carriers and Related Activities in Delaware
This dataset tracks all employees: financial activities: insurance carriers and related activities in delaware over time.
Latest Value
6.40
Year-over-Year Change
-7.25%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the insurance and related activities industry in the state of Delaware. It provides valuable insights into the health and growth of this key sector of the state's economy.
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 and Related Activities in Delaware data series tracks the monthly employment levels in the insurance industry across the state. This metric is closely monitored by economists and policymakers to gauge the strength of Delaware's financial services sector and its broader economic performance.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through establishment surveys.
Historical Context
This employment trend is used to inform economic and workforce development policies in Delaware.
Key Facts
- Delaware is a major hub for the insurance industry in the U.S.
- Employment in insurance and related activities accounts for over 10% of Delaware's total nonfarm workforce.
- This metric has shown steady growth over the past decade, reflecting the industry's importance to the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the insurance carriers and related activities industry across the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides valuable insights into the strength and performance of Delaware's key financial services sector, which is a major driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly establishment surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economic development officials in Delaware closely monitor this employment trend to inform workforce and industry support policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, providing timely insights into the insurance industry's employment levels.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Delaware (SMU10000005552400001A), retrieved from FRED.