All Employees: Financial Activities: Insurance Carriers and Related Activities in Minnesota
SMU27000005552400001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.50
Year-over-Year Change
-1.32%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the insurance and related activities industry in Minnesota. It is an important indicator of the health and growth of this key sector of 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 Minnesota series tracks the number of people employed in the insurance industry, including insurance carriers, agencies, brokerages, and other related activities. This data provides insights into the strength and dynamics of Minnesota's insurance and financial services sector.
Methodology
The data is collected through surveys of Minnesota businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this trend to assess the economic performance and labor market conditions in Minnesota's insurance industry.
Key Facts
- Minnesota has over 130,000 employees in the insurance industry.
- The insurance sector accounts for 4% of Minnesota's total employment.
- Employment in insurance has grown by 15% in Minnesota over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the insurance industry in Minnesota, including insurance carriers, agencies, brokerages, and other related activities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and growth of Minnesota's insurance and financial services sector, which is a key part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Minnesota businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to assess the economic performance and labor market conditions in Minnesota's insurance industry, which informs policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Minnesota (SMU27000005552400001), retrieved from FRED.