Finance and Insurance Earnings in Tennessee
TNEFIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,581,461.00
Year-over-Year Change
14.32%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Finance and Insurance Earnings in Tennessee' trend measures the total earnings of workers in the finance and insurance industry in the state of Tennessee. This metric is important for economists and policymakers to analyze the economic health and competitiveness of Tennessee's financial 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
This series tracks the total compensation, including wages and salaries, for employees in Tennessee's finance and insurance industry. It provides insight into the size and productivity of this key economic sector, which includes banking, investment services, insurance, and related activities.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and establishments.
Historical Context
Policymakers and investors monitor this trend to gauge the economic conditions and outlook for Tennessee's financial industry.
Key Facts
- Tennessee's finance and insurance sector employs over 150,000 workers.
- Total earnings in this industry exceed $15 billion annually in Tennessee.
- The finance and insurance industry accounts for 5% of Tennessee's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total earnings, including wages and salaries, of workers employed in Tennessee's finance and insurance industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size, productivity, and economic importance of Tennessee's financial sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and establishments in Tennessee.
Q: How is this trend used in economic policy?
A: Policymakers and investors monitor this trend to assess the conditions and outlook for Tennessee's finance and insurance industry, which is vital for the state's economic growth and competitiveness.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months, so it may not reflect the most recent economic conditions.
Related Trends
Number of Banks in Tennessee
X08ABTN
All Employees: Manufacturing: Non-Durable Goods: Printing and Related Support Activities in Tennessee
SMU47000003232300001SA
Commercial Carbon Dioxide Emissions, Distillate Fuel for Tennessee
EMISSCO2VDFCCBTNA
Gross Domestic Product: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Tennessee
TNPRFRMSPRTMSMNGSP
Real Gross Domestic Product: Furniture and Related Product Manufacturing (337) in Tennessee
TNFURNMANRGSP
Employment Level for Tennessee
EMPLOYTN
Citation
U.S. Federal Reserve, Finance and Insurance Earnings in Tennessee (TNEFIN), retrieved from FRED.