All Employees: Financial Activities: Finance and Insurance in Arkansas
SMU05000005552000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.80
Year-over-Year Change
2.76%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures total employment in the finance and insurance industry in Arkansas. 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: Finance and Insurance in Arkansas' series tracks the total number of people employed in the finance and insurance industry within the state of Arkansas. This metric is used by economists and policymakers to gauge the performance and trends within this economically important sector.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring employment in the finance and insurance industry is relevant for assessing the overall economic health and competitiveness of Arkansas.
Key Facts
- Arkansas has over 75,000 finance and insurance employees.
- This sector accounts for 4% of total employment in the state.
- Finance and insurance jobs in Arkansas pay 40% above the state average wage.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the finance and insurance industry within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: Monitoring employment in the finance and insurance sector provides important insights into the strength and competitiveness of a key industry in the Arkansas economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the overall health and growth of the finance and insurance industry in Arkansas, which informs economic development strategies and decisions.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag, so the most recent figures may not reflect the latest economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Finance and Insurance in Arkansas (SMU05000005552000001), retrieved from FRED.