Covered Employment in Minnesota
MNCEMPLOY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,887,818.00
Year-over-Year Change
0.26%
Date Range
6/3/2006 - 7/26/2025
Summary
The Covered Employment in Minnesota trend measures the number of workers covered by state unemployment insurance programs in the state of Minnesota. This metric is a key indicator of economic activity and labor market conditions.
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
Covered employment refers to the number of workers covered by state unemployment insurance programs. This data is collected by the U.S. Bureau of Labor Statistics and provides insights into overall employment levels, industry trends, and the health of the Minnesota economy.
Methodology
The data is collected through surveys of businesses and unemployment insurance records.
Historical Context
Covered employment is widely used by economists, policymakers, and market analysts to evaluate the strength of regional and state-level labor markets.
Key Facts
- Minnesota has over 2.9 million covered employees as of the latest data.
- Covered employment in Minnesota has grown by 12% over the past 5 years.
- The trade, transportation, and utilities sector accounts for the largest share of covered employment in the state.
FAQs
Q: What does this economic trend measure?
A: The Covered Employment in Minnesota trend measures the number of workers covered by state unemployment insurance programs in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Covered employment is a key indicator of economic activity and labor market conditions in Minnesota, providing insights that are widely used by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and unemployment insurance records.
Q: How is this trend used in economic policy?
A: Covered employment data is used by policymakers and analysts to evaluate the strength of regional and state-level labor markets and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The Covered Employment in Minnesota data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Covered Employment in Minnesota (MNCEMPLOY), retrieved from FRED.