All Employees: Financial Activities: Insurance Carriers and Related Activities in North Carolina
SMU37000005552400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.50
Year-over-Year Change
68.97%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the insurance and related activities industry in North Carolina. It provides insight into the size and health of this key sector of the state'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
The All Employees: Financial Activities: Insurance Carriers and Related Activities in North Carolina data series tracks the total number of individuals employed in the insurance industry within the state. This metric is used by economists and policymakers to monitor the performance and growth of this important financial services sector.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in insurance industry employment are closely watched as indicators of broader economic conditions and consumer demand.
Key Facts
- North Carolina is a major center for the insurance industry in the U.S.
- Employment in this sector has grown steadily over the past decade.
- The insurance industry is a significant contributor to North Carolina's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the insurance carriers and related activities industry within the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: Trends in insurance industry employment provide valuable insights into the performance and growth of this important financial services sector in North Carolina.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the health of North Carolina's economy and guide decisions related to the financial services industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in North Carolina (SMU37000005552400001A), retrieved from FRED.