All Employees: Financial Activities: Insurance Carriers and Related Activities in Alabama
SMU01000005552400001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.63
Year-over-Year Change
-4.53%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend tracks the total number of employees in the insurance and related activities industry in the state of Alabama. It provides insights into the strength and growth of this key sector of 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 measures the total number of persons on the payrolls of private insurance carriers and related establishments located in Alabama. This metric is a key indicator of economic activity and employment trends in the state's insurance industry.
Methodology
The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, industry analysts, and economic development agencies to assess the health and competitiveness of Alabama's insurance sector.
Key Facts
- Alabama's insurance industry employs over 50,000 people.
- The industry has seen steady job growth of around 2% annually.
- Insurance is a major contributor to Alabama's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the insurance carriers and related activities industry located in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and growth of Alabama's insurance sector, a key component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and economic development agencies closely monitor this employment trend to assess the health and competitiveness of Alabama's insurance industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Alabama (SMU01000005552400001SA), retrieved from FRED.