All Employees: Financial Activities: Insurance Carriers and Related Activities in Utah
SMU49000005552400001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.17
Year-over-Year Change
2.97%
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 Utah. It provides valuable insights into the state's financial services sector and employment levels.
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 Utah series tracks the total employment in the insurance industry within the state of Utah. This data is used by economists and policymakers to analyze workforce trends and the health of the local financial services market.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the economic conditions and labor market dynamics in Utah's insurance and financial activities sector.
Key Facts
- Utah's insurance industry employs over 50,000 workers.
- Employment in this sector has grown by 15% over the past decade.
- Insurance and related activities account for nearly 4% of Utah's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the insurance carriers and related activities industry within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides valuable insights into the health and growth of Utah's financial services sector, which is an important part 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: Policymakers and economists use this employment data to monitor workforce trends and assess the competitiveness of Utah's insurance and financial activities industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Utah (SMU49000005552400001SA), retrieved from FRED.