Administrative and Waste Services Earnings in Minnesota
MNEADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,638,369.00
Year-over-Year Change
4.80%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Earnings in Minnesota trend tracks average weekly earnings in the administrative and waste services industry for the state of Minnesota. This data provides insights into labor market conditions and productivity in a key service 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
The Administrative and Waste Services Earnings in Minnesota metric represents the average weekly earnings of employees in establishments primarily engaged in administrative and support services, as well as waste management and remediation services, within the state of Minnesota. This data is used by economists and policymakers to monitor labor market trends and the overall health of the state's service economy.
Methodology
The data is collected through surveys of establishments and calculated as the total weekly payroll divided by total employment.
Historical Context
This economic indicator helps inform decisions around fiscal, monetary, and workforce policies in Minnesota.
Key Facts
- The series dates back to 1990.
- Minnesota's administrative and waste services sector employs over 160,000 workers.
- Earnings in this industry have grown by over 50% in the past decade.
FAQs
Q: What does this economic trend measure?
A: The Administrative and Waste Services Earnings in Minnesota trend tracks the average weekly earnings of employees in the administrative, support, waste management, and remediation services industries within the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor market conditions and productivity in a key service sector, which is useful for economists, policymakers, and businesses analyzing the overall health of Minnesota's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments and calculated as the total weekly payroll divided by total employment.
Q: How is this trend used in economic policy?
A: This economic indicator helps inform decisions around fiscal, monetary, and workforce policies in Minnesota, as it reflects labor market conditions in a crucial service industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months.
Related Trends
All Employees: Financial Activities: Agencies, Brokerages, and Other Insurance Related Activities in Minnesota
SMU27000005552420001SA
All Employees: Utilities in Minnesota
SMU27000004322000001A
All Employees: Financial Activities: Financial Investments and Related Activities Including Financial Vehicles in Minnesota
SMU27000005552300001SA
Other Services (except Public Administration) Earnings in Minnesota
MNEOTH
Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Minnesota
MNRENTRGSP
Transportation and Warehousing Wages and Salaries in Minnesota
MNWTRA
Citation
U.S. Federal Reserve, Administrative and Waste Services Earnings in Minnesota (MNEADM), retrieved from FRED.