All Employees: Financial Activities in Tennessee
This dataset tracks all employees: financial activities in tennessee over time.
Latest Value
192.50
Year-over-Year Change
32.94%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the financial activities sector in Tennessee. It provides insight into the state's financial industry and overall economic performance.
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 in Tennessee metric measures the total nonfarm employment in the financial activities industry for the state of Tennessee. This data is used by economists and policymakers to analyze the health and growth of Tennessee's finance-related businesses and their contribution to the state's economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in financial sector employment are closely watched by analysts as an indicator of economic conditions and business investment in Tennessee.
Key Facts
- Tennessee's financial activities sector employed over 250,000 people as of 2022.
- Financial services account for over 6% of Tennessee's total nonfarm employment.
- Employment in Tennessee's finance industry has grown by 10% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the financial activities sector in the state of Tennessee, including banking, insurance, real estate, and other finance-related industries.
Q: Why is this trend relevant for users or analysts?
A: Employment in the financial sector is an important indicator of economic health and business investment in Tennessee. Monitoring this trend helps analysts and policymakers understand the state's financial industry performance and its contribution to the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in financial sector employment are closely watched by economists, investors, and policymakers as a gauge of economic conditions and business activity in Tennessee. This data informs decision-making around economic development, workforce planning, and financial regulations.
Q: Are there update delays or limitations?
A: The employment data is published monthly with a typical 1-2 month delay. There may also be revisions to previous months' figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities in Tennessee (SMU47000005500000001A), retrieved from FRED.