All Employees: Financial Activities: Credit Intermediation and Related Activities in Utah
SMU49000005552200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.40
Year-over-Year Change
30.90%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the credit intermediation and related activities industry in Utah. It provides insight into the strength and growth of the financial services sector in the state.
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: Credit Intermediation and Related Activities in Utah series tracks the total nonfarm employment in the credit intermediation and related activities industry, which includes banks, credit unions, and other lending institutions. This data is used by economists and policymakers to analyze the health and dynamics of Utah's financial services sector.
Methodology
The data is collected through monthly surveys of businesses and establishments in Utah.
Historical Context
This employment trend is relevant for assessing the overall performance of Utah's economy and the financial services industry.
Key Facts
- Utah's credit intermediation and related activities industry employs over 60,000 workers.
- Employment in this sector has grown by over 20% in the past decade.
- The financial services industry accounts for nearly 6% of Utah's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the credit intermediation and related activities industry in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the strength and growth of Utah's financial services sector, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and establishments in Utah.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment data to assess the overall performance and dynamics of Utah's financial services industry and the broader state economy.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Credit Intermediation and Related Activities in Utah (SMU49000005552200001A), retrieved from FRED.