All Employees: Financial Activities: Finance and Insurance in Utah
SMS49000005552000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.10
Year-over-Year Change
1.35%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the finance and insurance industry in Utah. It is an important indicator of the strength and growth of Utah's financial sector.
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 All Employees: Financial Activities: Finance and Insurance in Utah series tracks the total employment levels in the finance and insurance industry within the state of Utah. This metric is widely used by economists and policymakers to assess the health and vitality of Utah's financial services industry.
Methodology
The data is collected through monthly surveys of businesses and establishments.
Historical Context
Trends in this series are closely monitored by state and local governments, as well as financial institutions, to inform economic policy and investment decisions.
Key Facts
- Utah's finance and insurance industry employs over 100,000 workers.
- Employment in this sector has grown by 20% over the past 5 years.
- Finance and insurance is one of Utah's largest and fastest-growing industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the finance and insurance industry within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and financial institutions to gauge the health and growth of Utah's crucial financial services sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and establishments in Utah.
Q: How is this trend used in economic policy?
A: Trends in this series are used by state and local governments to inform economic development strategies and policies targeting the finance and insurance industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight lag, typically 1-2 months behind the current period.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Finance and Insurance in Utah (SMS49000005552000001), retrieved from FRED.