All Employees: Financial Activities in Alabama
ALFIRE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.10
Year-over-Year Change
-0.87%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Financial Activities in Alabama' series measures the total number of employees in the financial sector in the state of Alabama. This metric is closely watched by economists and policymakers as it provides insight into the health and growth of Alabama's financial industry.
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
This economic trend represents the total number of individuals employed in finance-related occupations and industries within the state of Alabama. It is an important indicator of economic activity and can help assess the broader strength of Alabama's financial services sector.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of establishments.
Historical Context
Trends in Alabama's financial employment are used by analysts and policymakers to gauge the state's economic conditions and business climate.
Key Facts
- Alabama's financial sector employs over 120,000 people.
- Financial activities account for 6% of Alabama's total non-farm employment.
- The financial services industry is a major contributor to Alabama's GDP.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Financial Activities in Alabama' series measures the total number of individuals employed in finance-related occupations and industries within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of Alabama's financial sector, which is an important driver of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of establishments.
Q: How is this trend used in economic policy?
A: Trends in Alabama's financial employment are used by analysts and policymakers to gauge the state's economic conditions and business climate, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities in Alabama (ALFIRE), retrieved from FRED.