All Employees: Financial Activities: Insurance Carriers and Related Activities in Washington
SMU53000005552400001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.19
Year-over-Year Change
-0.72%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the insurance and related activities industry in Washington state. It is an important indicator of the health and growth of the financial sector in the region.
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 Washington metric tracks the total employment levels in the insurance industry, including insurance carriers, agencies, brokerages, and other related activities. This data provides insight into the size and dynamics of the insurance and financial services sector in the state.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor employment and economic conditions in the insurance and financial services industries.
Key Facts
- Washington's insurance industry employs over 65,000 people.
- Employment in the sector has grown by 12% over the past 5 years.
- The insurance industry accounts for over 3% of total employment in Washington.
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 Washington.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the size and growth of the insurance and financial services sector in Washington, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this trend to monitor employment and economic conditions in the insurance and financial services industries, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Insurance Carriers and Related Activities in Washington (SMU53000005552400001SA), retrieved from FRED.