All Employees: Financial Activities: Insurance Carriers and Related Activities in Massachusetts
SMU25000005552400001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.80
Year-over-Year Change
-0.78%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the insurance and related activities industry in Massachusetts. It is an important indicator of the health and growth of the state's financial services sector.
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 Massachusetts metric tracks the total employment levels in a key component of the state's financial industry. It provides insights into the economic activity and labor market conditions within this important economic segment.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, analysts, and businesses to assess the performance and outlook of Massachusetts' insurance and financial services industry.
Key Facts
- Massachusetts is a major hub for the insurance industry in the U.S.
- Employment in this sector has grown steadily over the past decade.
- The insurance industry is a significant contributor to the state's economy.
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 Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and outlook of a key component of Massachusetts' financial services sector, which is a critical part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses closely monitor this trend to assess the health and growth of Massachusetts' insurance and financial services industry, which informs economic policies and business decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months from the reference period.
Similar SMU Trends
All Employees: Professional and Business Services in Massachusetts
MAPBSV
State Government Tax Collections, Total Selective Sales Taxes in Massachusetts
MATLSLTAX
Average Hourly Earnings of Production Employees: Durable Goods: Computer and Electronic Product Manufacturing in Massachusetts
SMU25000003133400008A
Gross Domestic Product: Real Estate and Rental and Leasing (53) in Massachusetts
MARERENTLEANGSP
State Government Tax Collections, Motor Vehicle Licenses in Massachusetts
MAMOTOLICTAX
All Employees: Durable Goods: Computer and Peripheral Equipment Manufacturing in Massachusetts
SMU25000003133410001A
Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Massachusetts (SMU25000005552400001), retrieved from FRED.