All Employees: Financial Activities: Insurance Carriers and Related Activities in Indiana
SMU18000005552400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.50
Year-over-Year Change
30.29%
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 Indiana. It provides valuable insights into the labor market and economic activity within this important 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: Insurance Carriers and Related Activities in Indiana trend tracks the total number of people employed in the insurance industry and related activities, such as agencies, brokerages, and other insurance-related services, within the state of Indiana. This data is a key indicator of the overall health and growth of the insurance industry in the state.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for policymakers, economists, and market analysts to understand the dynamics of the insurance industry and its contribution to the broader economy in Indiana.
Key Facts
- Indiana is a major hub for the insurance industry in the Midwest.
- The insurance sector employs over 50,000 people in Indiana.
- Employment in the insurance industry has grown steadily in recent years.
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 in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the labor market and economic activity within the important insurance industry in Indiana, which is a key sector for the state's 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, economists, and market analysts use this trend to understand the dynamics of the insurance industry and its contribution to the broader economy in Indiana.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a typical delay of 1-2 months, and may be subject to revisions based on updated survey information.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Indiana (SMU18000005552400001A), retrieved from FRED.