Finance and Insurance Earnings in Idaho
IDEFIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,637,031.00
Year-over-Year Change
16.06%
Date Range
1/1/1998 - 1/1/2025
Summary
The Finance and Insurance Earnings in Idaho trend measures the average earnings in the finance and insurance sector within the state of Idaho. This data point is important for economists and policymakers to gauge the economic health and productivity of this key 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 series tracks the average weekly earnings for workers in the finance and insurance industry in the state of Idaho. It provides insight into compensation levels and labor market conditions within this crucial economic sector, which includes banks, insurance companies, investment firms, and related financial services.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in finance and insurance earnings are closely monitored by economic analysts, investors, and policymakers to assess the broader state of the state's economy.
Key Facts
- Idaho's finance/insurance sector employs over 30,000 workers.
- Average weekly earnings in this industry are 50% higher than the state average.
- Earnings have grown 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Finance and Insurance Earnings in Idaho trend tracks the average weekly earnings for workers in the finance and insurance industry within the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into compensation levels and labor market conditions in a key economic sector, which is important for understanding the broader state of Idaho's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in finance and insurance earnings are closely monitored by economic analysts, investors, and policymakers to assess the overall health and productivity of this crucial industry.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, Finance and Insurance Earnings in Idaho (IDEFIN), retrieved from FRED.