All Employees: Financial Activities: Insurance Carriers in Massachusetts
SMU25000005552410001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.40
Year-over-Year Change
1.52%
Date Range
1/1/2003 - 7/1/2025
Summary
This economic trend measures the total number of employees in the insurance carriers industry in Massachusetts. It is an important indicator of labor market conditions and economic activity in 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 in Massachusetts metric tracks the total employment levels in the insurance industry within the state. This data provides insights into the overall health and performance of a key component of Massachusetts' financial services ecosystem.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to gauge the strength of Massachusetts' insurance and financial services industries.
Key Facts
- Massachusetts is a major insurance industry hub.
- Employment in the state's insurance sector has grown steadily over the past decade.
- The insurance industry is a significant contributor to Massachusetts' economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the insurance carriers industry located within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and performance of a key component of Massachusetts' 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 business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the strength of Massachusetts' insurance and broader financial services industries, which informs economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers in Massachusetts (SMU25000005552410001), retrieved from FRED.