All Employees: Financial Activities: Insurance Carriers and Related Activities in Utah
SMU49000005552400001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.00
Year-over-Year Change
3.14%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total employment in the insurance carriers and related activities industry in the state of Utah. It is an important indicator of economic activity and workforce trends in the 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 Utah series tracks the total number of people employed in the insurance industry within the state. This data provides insights into the strength and growth of the financial services sector in the Utah economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to gauge the health and competitiveness of Utah's insurance industry.
Key Facts
- Utah's insurance industry employs over 40,000 people.
- The insurance sector accounts for 4% of Utah's total non-farm employment.
- Employment in Utah's insurance industry has grown by 20% over the past decade.
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 within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the strength and growth of the financial services sector in the Utah economy, which is important for policymakers and economic analysts.
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 metric to gauge the health and competitiveness of Utah's insurance industry, which is a key component of the state's financial services sector.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Utah (SMU49000005552400001), retrieved from FRED.