All Employees: Financial Activities in Indiana
SMU18000005500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.50
Year-over-Year Change
14.49%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Financial Activities in Indiana' trend measures the total number of people employed in the financial sector within the state of Indiana. This data is crucial for understanding the overall health and trajectory of Indiana'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
This economic indicator tracks employment in industries such as banking, insurance, securities, and real estate across the state of Indiana. Monitoring changes in financial sector jobs provides insights into the broader economic conditions and investment activity within the state.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and financial analysts use this trend to assess the performance and outlook of Indiana's financial services industry and its role in the state's economic development.
Key Facts
- Indiana's financial sector employs over 130,000 people.
- Financial activities account for approximately 7% of Indiana's total non-farm employment.
- The financial services industry is a major contributor to Indiana's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the financial activities sector within the state of Indiana, including industries such as banking, insurance, securities, and real estate.
Q: Why is this trend relevant for users or analysts?
A: Monitoring employment in Indiana's financial sector provides valuable insights into the overall health and performance of the state's economy, as the financial services industry is a significant contributor to economic activity and development.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this trend to assess the performance and outlook of Indiana's financial services industry and its role in the state's economic development, informing policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities in Indiana (SMU18000005500000001A), retrieved from FRED.