Quarterly, Seasonally Adjusted
LFIN24FEG7Q647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,098,000.00
Year-over-Year Change
-2.49%
Date Range
1/1/2005 - 4/1/2017
Summary
This quarterly, seasonally adjusted series measures the number of financial sector employees in the U.S. economy. It provides insight into the health and growth of the financial services 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
The Financial Employment series tracks the total number of workers employed in the finance and insurance sectors, which includes banking, securities, insurance, and other financial activities. This metric is closely monitored by economists and policymakers to assess economic conditions and the performance of a critical industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in financial sector employment levels can signal shifts in market confidence, investment activity, and broader economic trends.
Key Facts
- The financial sector accounts for about 6% of total U.S. employment.
- Financial services employment has grown by over 30% since the 2008 recession.
- The COVID-19 pandemic caused a temporary dip in financial sector jobs in 2020.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of people employed in the finance and insurance sectors of the U.S. economy, including banking, securities, and insurance activities.
Q: Why is this trend relevant for users or analysts?
A: Financial sector employment is a key indicator of economic health and confidence, as changes in staffing levels can signal shifts in investment, lending, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor financial employment levels to assess the performance of a critical industry and make informed decisions about economic and regulatory policies.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a lag of approximately one month.
Related Trends
Labour Force Survey - quarterly levels: Harmonised unemployment - monthly levels: Aged 25 and over: All persons for G7
G7LFHUADTTSTM
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for G7
G7LRHUTTTTSTSAQ
Infra-Annual Labor Statistics: Labor Force Male: From 25 to 54 Years for G7
G7LFAC25MASTQ
Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for G7
G7B6FATT01CXCUQ
Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for G7
G7LFACTTTTGPSAQ
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for G7
G7LFAC24MASTQ
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFIN24FEG7Q647S), retrieved from FRED.