All Employees: Financial Activities: Insurance Carriers and Related Activities in North Dakota
This dataset tracks all employees: financial activities: insurance carriers and related activities in north dakota over time.
Latest Value
9.25
Year-over-Year Change
-0.02%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of all employees in the insurance carriers and related activities industry in North Dakota. It provides insights into the strength and growth of this vital 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 North Dakota trend tracks the total number of people employed in the insurance industry across the state. This data point is used by economists and policymakers to monitor employment trends and assess the overall health of North Dakota's financial services sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by state officials, industry groups, and market analysts to gauge the performance and competitiveness of North Dakota's insurance industry.
Key Facts
- North Dakota has a large and growing insurance industry.
- The insurance sector accounts for a significant portion of the state's financial services employment.
- This trend has shown steady growth in recent years, reflecting the industry's importance to the North Dakota economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the insurance carriers and related activities industry in the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength and performance of North Dakota's insurance industry, which is a vital component of the state's financial services sector and overall 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: State officials, industry groups, and market analysts closely monitor this trend to gauge the competitiveness and growth of North Dakota's insurance industry, which informs economic development and regulatory policies.
Q: Are there update delays or limitations?
A: This data is published on a monthly basis by the Federal Reserve, with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in North Dakota (SMU38000005552400001SA), retrieved from FRED.