All Employees: Financial Activities: Insurance Carriers and Related Activities in Minnesota
SMU27000005552400001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.32
Year-over-Year Change
-1.36%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the insurance and related activities industry in Minnesota. It provides insights into the labor dynamics and economic health of this key 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 and Related Activities in Minnesota metric tracks the employment levels in Minnesota's insurance industry, including insurance carriers, agencies, brokerages, and other related services. This data is used by economists and policymakers to analyze the state's financial services sector and its broader economic trends.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the performance and competitiveness of Minnesota's insurance industry and its contribution to the state's overall economy.
Key Facts
- Minnesota has over 140,000 insurance industry employees.
- The insurance sector accounts for 4% of Minnesota's total employment.
- Employment in this industry has grown by 10% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the insurance carriers and related activities industry in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insights into the performance and competitiveness of Minnesota's insurance industry, which is a key component of the state's financial services sector and overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments 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 analyze the health and growth of Minnesota's insurance industry, which informs decisions related to economic development, workforce planning, and regulatory oversight.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month delay.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Minnesota (SMU27000005552400001SA), retrieved from FRED.