All Employees: Financial Activities: Insurance Carriers and Related Activities in Idaho
SMU16000005552400001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.65
Year-over-Year Change
4.29%
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 Idaho. It provides important insights into the state's financial services sector and labor market 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 Idaho metric tracks the total number of people employed in the insurance industry within the state. This data is useful for analyzing trends in Idaho's financial services employment and the overall health of the state's economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is closely watched by policymakers, analysts, and investors to understand the performance and outlook of Idaho's insurance and financial services industry.
Key Facts
- Idaho's insurance industry employs over 20,000 people.
- Employment in insurance has grown by 15% in Idaho over the past 5 years.
- The insurance sector accounts for nearly 4% of total employment in the state.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees working in the insurance carriers and related activities industry within the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the performance and outlook of Idaho's financial services sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor this indicator to understand the health and growth prospects of Idaho's insurance and financial services industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, allowing for timely analysis of employment trends in Idaho's insurance sector.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Idaho (SMU16000005552400001SA), retrieved from FRED.