Wholesale Trade Earnings in Minnesota
MNEWHO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,279,550.00
Year-over-Year Change
14.61%
Date Range
1/1/1998 - 1/1/2025
Summary
The Wholesale Trade Earnings in Minnesota trend measures the average weekly earnings for employees in the wholesale trade industry within the state of Minnesota. This metric is important for economists and policymakers to assess economic conditions and labor market trends.
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 Wholesale Trade Earnings in Minnesota data series, published by the U.S. Federal Reserve, tracks the average weekly earnings of production and nonsupervisory employees in the wholesale trade sector across the state. This indicator provides insight into wage levels and purchasing power within this key component of the state's economy.
Methodology
The data is collected through employer surveys conducted by the Bureau of Labor Statistics.
Historical Context
Wholesale trade earnings data helps inform economic policy decisions and business investment strategies.
Key Facts
- Minnesota's wholesale trade sector employs over 115,000 workers.
- Wholesale earnings in Minnesota averaged $1,210 per week in 2022.
- Wholesale trade accounts for nearly 5% of Minnesota's GDP.
FAQs
Q: What does this economic trend measure?
A: The Wholesale Trade Earnings in Minnesota trend measures the average weekly earnings of production and nonsupervisory employees in the wholesale trade industry across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into wage levels and purchasing power within a key sector of Minnesota's economy, helping to inform economic policy decisions and business investment strategies.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Wholesale trade earnings data helps policymakers and economists assess economic conditions and labor market trends within Minnesota.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, Wholesale Trade Earnings in Minnesota (MNEWHO), retrieved from FRED.