Finance and Insurance Wages and Salaries in Missouri
MOWFIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,362,502.00
Year-over-Year Change
13.13%
Date Range
1/1/1998 - 1/1/2025
Summary
The Finance and Insurance Wages and Salaries in Missouri trend measures the total wages and salaries paid to workers in the finance and insurance sector within the state of Missouri. This data provides insights into the economic health and labor dynamics of a 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 economic indicator tracks the total compensation paid to employees in Missouri's finance and insurance industry, which includes companies engaged in banking, insurance, investments, and related services. It is an important metric for analyzing regional economic performance and labor market conditions.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the vitality of Missouri's financial services sector and its broader economic implications.
Key Facts
- Missouri's finance and insurance sector accounts for over 5% of the state's total employment.
- Wages in this industry are 25% higher than the statewide average.
- The finance and insurance sector has seen steady job growth in Missouri over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total wages and salaries paid to workers employed in Missouri's finance and insurance industry, including banking, insurance, investments, and related services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic health and labor dynamics of a key industry within Missouri, which is important for assessing regional economic performance and conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the vitality of Missouri's financial services sector and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 2-month lag from the reference period.
Related Trends
Transportation Carbon Dioxide Emissions, Motor Gasoline for Missouri
EMISSCO2VMGACBMOA
Housing Inventory: Active Listing Count in Missouri
ACTLISCOUMO
Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Missouri
MORETAILQQGSP
Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Missouri
MOMOTPICSNDRGSP
Average Weekly Earnings of Production Employees: Wholesale Trade in Missouri
SMU29000004100000030
Production or Nonsupervisory Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Missouri
SMU29000004142300006
Citation
U.S. Federal Reserve, Finance and Insurance Wages and Salaries in Missouri (MOWFIN), retrieved from FRED.