All Employees: Financial Activities: Commercial Banking in New York
SMU36000005552211001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.21
Year-over-Year Change
-0.69%
Date Range
1/1/2003 - 7/1/2025
Summary
This economic trend measures the number of all employees in the commercial banking industry in New York. It is a key indicator of the financial sector's health and employment conditions 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
The All Employees: Financial Activities: Commercial Banking in New York series tracks the total number of people employed in the commercial banking industry across the state. It provides insight into the size and dynamics of this important economic sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and financial analysts to assess the strength of New York's banking industry and its broader economic implications.
Key Facts
- Commercial banking is a major industry in New York, employing over 150,000 people.
- Employment in this sector has fluctuated over the past decade, reflecting broader economic trends.
- The health of New York's commercial banking industry is closely tied to the state's overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the commercial banking industry across the state of New York.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and dynamics of New York's financial sector, which is a critical component 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: Economists, policymakers, and financial analysts closely monitor this trend to assess the strength of New York's banking industry and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is subject to typical government survey and reporting timelines, which may result in a short delay before the most recent figures are available.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Commercial Banking in New York (SMU36000005552211001SA), retrieved from FRED.