All Employees: Financial Activities: Insurance Carriers and Related Activities in Maryland
SMU24000005552400001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.99
Year-over-Year Change
-0.15%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the insurance and related activities sector in the state of Maryland. It provides insights into the health and growth of this important industry within 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 Maryland trend tracks the total number of individuals employed in the insurance industry in the state, including insurance carriers, agencies, brokerages, and other related activities. This data is used by economists and policymakers to analyze the strength and trends within Maryland's insurance and financial services sector.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the economic conditions and employment dynamics in Maryland's insurance industry, which is an important component of the state's financial services sector.
Key Facts
- The insurance industry is a major employer in Maryland.
- Employment in this sector has grown steadily over the past decade.
- Maryland's insurance industry contributes significantly to the state's GDP.
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 Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and growth of Maryland's insurance industry, which is an important component of the state's financial services sector and economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys 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 analyze employment dynamics and the overall strength of Maryland's insurance industry, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of a few weeks.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Maryland (SMU24000005552400001SA), retrieved from FRED.