All Employees: Financial Activities: Insurance Carriers and Related Activities in Pennsylvania
SMU42000005552400001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.96
Year-over-Year Change
1.26%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the insurance and related activities industry in Pennsylvania. 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 Pennsylvania indicator tracks the total number of people employed in the insurance industry and related financial activities within the state. This data provides insights into the size and performance of Pennsylvania's insurance and financial services markets.
Methodology
This data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the economic conditions and labor market dynamics within Pennsylvania's insurance and financial services industries.
Key Facts
- Pennsylvania has over 250,000 employees in the insurance and related activities industry.
- The insurance industry is one of the largest private-sector employers in the state.
- Employment in this sector has grown by over 10% in the past decade.
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 within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the size and performance of Pennsylvania's insurance and financial services sectors, which are key drivers 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 use this trend to assess the economic conditions and labor market dynamics within Pennsylvania's insurance and financial services industries, which informs policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the information is collected through surveys of businesses.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Pennsylvania (SMU42000005552400001SA), retrieved from FRED.