All Employees: Financial Activities: Insurance Carriers and Related Activities in Maine
SMU23000005552400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.30
Year-over-Year Change
13.68%
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 Maine. It is an important indicator of the health and growth of the financial services sector in the state.
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 Maine economic trend tracks the total number of people employed in the insurance industry and related financial activities in the state. This data provides insights into the size and strength of Maine's insurance and financial services sector.
Methodology
The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the performance and outlook of Maine's insurance and financial services industry.
Key Facts
- Maine's insurance industry employs over 15,000 people.
- The insurance sector accounts for nearly 3% of Maine's total employment.
- Employment in insurance and related activities has grown by 8% in Maine over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the insurance industry and related financial activities in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the size and performance of Maine's insurance and financial services sector, which is a key part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health and outlook of Maine's insurance and financial services industry, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Maine (SMU23000005552400001A), retrieved from FRED.