All Employees: Financial Activities: Finance and Insurance in Maine
SMU23000005552000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.30
Year-over-Year Change
1.15%
Date Range
1/1/1990 - 7/1/2025
Summary
This trend tracks the number of all employees in the finance and insurance industry in Maine, providing insights into the state's financial services sector and economic activity.
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 trend represents the total number of workers employed in the finance and insurance industry within the state of Maine. This metric is used by economists and policymakers to gauge the health and growth of Maine's financial services sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the Maine economy's reliance on the financial services industry and can inform policy decisions related to economic development and employment.
Key Facts
- Maine's finance and insurance industry employs over 30,000 workers.
- The finance and insurance sector accounts for approximately 5% of Maine's total employment.
- Employment in this industry has remained relatively stable in Maine over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the finance and insurance industry within the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and growth of Maine's financial services sector, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions related to economic development and employment in Maine's financial services industry.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Finance and Insurance in Maine (SMU23000005552000001), retrieved from FRED.