All Employees: Financial Activities: Insurance Carriers in Maryland
SMU24000005552410001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.00
Year-over-Year Change
13.36%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the insurance carriers industry in Maryland. It provides insight into the health and growth of this important economic sector.
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 in Maryland metric tracks the total employment in the insurance industry across the state. This data is widely used by economists, policymakers, and industry analysts to understand labor market dynamics and economic conditions in Maryland's insurance sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in insurance employment are relevant for assessing the strength of Maryland's financial services industry and economic growth.
Key Facts
- Insurance carriers employ over 100,000 workers in Maryland.
- The insurance industry accounts for 4% of total employment in the state.
- Insurance employment in Maryland has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the insurance carriers industry across the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: Trends in insurance employment provide insights into the health and growth of Maryland's important financial services sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists track this data to assess the strength of Maryland's financial industry and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers in Maryland (SMU24000005552410001A), retrieved from FRED.