All Employees: Financial Activities: Nondepository Credit Intermediation in Connecticut
SMU09000005552220001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
-46.67%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the number of all employees in the nondepository credit intermediation industry in Connecticut. It provides insights into the financial services sector and economic activity in the state.
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
Nondepository credit intermediation includes businesses that provide lending and related activities without accepting deposits, such as mortgage companies, consumer lending firms, and credit card issuers. This metric offers a view into the health and growth of Connecticut's financial services industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for policymakers, investors, and analysts assessing the financial landscape and economic conditions in Connecticut.
Key Facts
- Connecticut is home to many major financial institutions.
- The nondepository credit intermediation industry includes mortgage companies and credit card issuers.
- This metric tracks job growth in a key sector of Connecticut's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the nondepository credit intermediation industry in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and growth of Connecticut's financial services sector, which is a key part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and analysts use this trend to assess the financial landscape and economic conditions in Connecticut.
Q: Are there update delays or limitations?
A: The data is subject to the regular update schedule and potential revisions of the Current Employment Statistics survey.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Nondepository Credit Intermediation in Connecticut (SMU09000005552220001A), retrieved from FRED.