All Employees: Financial Activities: Insurance Carriers in Maryland
SMU24000005552410001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.30
Year-over-Year Change
0.71%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the financial activities sector, specifically in the insurance carriers industry in the state of Maryland. It is an important indicator of the health and growth of the insurance industry in the region.
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 in Maryland trend tracks the total number of people employed in the insurance industry across the state. This data point is valuable for understanding the economic conditions and labor market dynamics within the financial services sector in Maryland.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to gauge the performance and outlook of the insurance industry in Maryland.
Key Facts
- Maryland has a significant insurance industry presence.
- Insurance carriers are a key component of the state's financial activities sector.
- Employment in this industry has shown 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 carriers industry within the financial activities sector in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the health and growth of the insurance industry in Maryland, 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 of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this trend to gauge the performance and outlook of the insurance industry in Maryland, which can inform economic and regulatory decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but may be subject to revisions and updates as additional information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers in Maryland (SMU24000005552410001), retrieved from FRED.