All Employees: Financial Activities: Insurance Carriers and Related Activities in Arizona
SMU04000005552400001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.40
Year-over-Year Change
-2.59%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the insurance carriers and related activities industry in Arizona. It provides insights into the state's insurance sector and can inform policymakers and analysts about economic conditions.
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 Arizona series tracks the total employment levels in this industry within the state. It is a key indicator of the health and growth of Arizona's insurance and financial services sector.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to understand the dynamics of Arizona's insurance market and broader financial activities.
Key Facts
- Arizona's insurance industry employs over 50,000 people.
- Employment in this sector has grown by 10% over the past 5 years.
- The insurance industry accounts for 2.5% of Arizona's total employment.
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 within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and growth of Arizona's insurance sector, which is an important part of the state's financial services industry and overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the performance of Arizona's insurance industry and its impact on the broader state economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Arizona (SMU04000005552400001), retrieved from FRED.