All Employees: Financial Activities: Insurance Carriers and Related Activities in Maryland
SMU24000005552400001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.10
Year-over-Year Change
-0.22%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the insurance and related activities industry in the state of Maryland. 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 Maryland metric tracks the total employment levels in the insurance industry, which is a key component of the broader financial services sector. This data can provide insights into the economic conditions and labor market trends within Maryland's insurance and financial activities.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to monitor the strength of Maryland's insurance industry and its contribution to the state's overall economic performance.
Key Facts
- Maryland's insurance industry employs over 100,000 people.
- Insurance-related activities account for over 5% of Maryland's GDP.
- The state's insurance sector has seen steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the insurance and related activities industry in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and growth of Maryland's financial services sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the strength of Maryland's insurance industry and its contribution to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis with a short delay, providing timely information on employment trends in Maryland's insurance sector.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Maryland (SMU24000005552400001), retrieved from FRED.