All Employees: Other Services in Minnesota
MNSRVO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.60
Year-over-Year Change
0.00%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Other Services in Minnesota' trend measures employment in the 'Other Services' sector within the state of Minnesota. This data is crucial for understanding the overall health and dynamics of Minnesota's economy.
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 'Other Services' sector includes a diverse range of businesses such as repair and maintenance, personal care services, and religious organizations. Tracking employment in this sector provides valuable insights into local economic activity and consumer behavior.
Methodology
This data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of employers.
Historical Context
Policymakers and analysts use this metric to gauge the strength of Minnesota's service industry and make informed decisions regarding economic development and workforce planning.
Key Facts
- Minnesota's 'Other Services' sector employs over 130,000 workers.
- Employment in this sector has grown by 8% over the past 5 years.
- The 'Other Services' industry accounts for nearly 5% of Minnesota's total non-farm employment.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Other Services in Minnesota' trend measures the number of people employed in the 'Other Services' sector within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and dynamics of Minnesota's service industry, which is an important component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of employers in Minnesota.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the strength of Minnesota's service sector and make informed decisions regarding economic development and workforce planning.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of around one month between the reference period and the data publication.
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Citation
U.S. Federal Reserve, All Employees: Other Services in Minnesota (MNSRVO), retrieved from FRED.