All Employees: Financial Activities in New Mexico
This dataset tracks all employees: financial activities in new mexico over time.
Latest Value
35.60
Year-over-Year Change
8.54%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Financial Activities in New Mexico' trend measures the total number of people employed in the financial sector within the state of New Mexico. This metric is crucial for economists and policymakers to assess the health and growth of the state's financial industry.
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
This economic indicator tracks employment levels across financial services, banking, insurance, and real estate in New Mexico. It provides valuable insights into the size and dynamics of the state's financial sector, which is an important driver of overall economic activity.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to monitor the financial industry's contribution to New Mexico's economy and inform economic development strategies.
Key Facts
- New Mexico's financial sector employs over 40,000 people.
- The financial industry accounts for approximately 5% of the state's total employment.
- Employment in financial activities has grown by 10% in New Mexico over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Financial Activities in New Mexico' trend measures the total number of people employed in the financial sector within the state of New Mexico, including industries such as banking, insurance, and real estate.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and growth of New Mexico's financial industry, which is an important driver of the state's overall economic activity. Policymakers and analysts use this data to monitor the financial sector's contribution to the state's 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 and analysts use this trend to inform economic development strategies and assess the financial industry's role in New Mexico's economy.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve and is subject to revisions and updates, which may result in slight delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities in New Mexico (SMU35000005500000001A), retrieved from FRED.