Quarterly, Seasonally Adjusted
LFIN55FEG7Q647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,536,000.00
Year-over-Year Change
-3.83%
Date Range
1/1/2005 - 4/1/2017
Summary
This economic trend measures the quarterly, seasonally adjusted total employment in the U.S. finance 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 employment trend tracks the total number of jobs in the U.S. finance and insurance industry on a quarterly basis, with seasonal fluctuations removed. This metric provides insight into the size and direction of the financial services labor market.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess the overall strength of the financial sector and its contribution to the broader economy.
Key Facts
- The finance sector accounts for over 6 million U.S. jobs.
- Employment in finance has grown over 10% in the past decade.
- The finance industry contributes nearly 8% to U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total quarterly employment in the U.S. finance and insurance industry, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of the financial sector, which is a crucial part of the broader economy.
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 economists closely monitor this trend to assess the strength of the financial industry and its contribution to overall economic performance.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical 1-2 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFIN55FEG7Q647S), retrieved from FRED.