Quarterly, Seasonally Adjusted
LFIN24FEO1Q647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,217,000.00
Year-over-Year Change
-1.96%
Date Range
1/1/2005 - 4/1/2017
Summary
This economic trend measures the quarterly, seasonally adjusted number of employees in the finance and insurance sector. It is a key indicator of the health and growth of the 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
The Quarterly, Seasonally Adjusted series tracks the total number of workers employed in the finance and insurance sector on a quarterly basis, with seasonal fluctuations removed. This metric provides insight into the size and activity of the financial services industry over time.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by economists, policymakers, and financial analysts to assess the state of the economy and financial sector.
Key Facts
- The finance and insurance sector accounts for over 6% of total U.S. employment.
- Employment in this sector grew by 3.2% in 2022.
- The industry saw a decline in jobs during the COVID-19 pandemic but has since recovered.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted number of employees in the finance and insurance sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The finance and insurance sector is a critical component of the broader economy, and changes in employment in this industry can provide insights into economic growth, consumer spending, and financial sector activity.
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, central banks, and financial analysts closely monitor this trend to assess the health and performance of the financial sector, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of several weeks after the end of the reference quarter. The seasonally adjusted nature of the data may also mask some short-term fluctuations.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFIN24FEO1Q647S), retrieved from FRED.