All Employees: Financial Activities: Insurance Carriers and Related Activities in Alabama
SMU01000005552400001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.70
Year-over-Year Change
-4.52%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the insurance and related activities industry in Alabama. It is an important indicator of the health and activity of this key financial sector within the state's economy.
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: Insurance Carriers and Related Activities in Alabama series tracks the total number of jobs in the insurance and insurance-related industries across the state. This provides insight into the size and growth of this crucial component of Alabama's financial services landscape.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the performance and outlook of Alabama's insurance industry and its contribution to the broader state economy.
Key Facts
- Alabama has over 55,000 insurance industry employees.
- The insurance sector accounts for 3.5% of Alabama's total nonfarm employment.
- Employment in insurance and related activities has grown 12% in Alabama over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the insurance and insurance-related activities industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: The insurance industry is a major component of Alabama's financial services sector, so this employment trend provides important insights into the health and growth of this crucial part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the performance and outlook of Alabama's insurance industry and its contribution to the broader state economy.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag by the Federal Reserve's FRED database.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Alabama (SMU01000005552400001), retrieved from FRED.