All Employees: Total Private in Minnesota
SMS27000000500000026 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
-180.00%
Date Range
4/1/1990 - 6/1/2025
Summary
The 'All Employees: Total Private in Minnesota' series measures the total number of private sector employees in the state of Minnesota. This metric is a key indicator of the overall health and growth 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
This data series tracks the total number of individuals employed in the private sector across Minnesota, excluding government and public sector workers. It provides insights into workforce participation, business activity, and economic trends within the state.
Methodology
The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this series to assess the performance of Minnesota's private labor market and inform economic policy decisions.
Key Facts
- Minnesota's private sector employs over 2.5 million workers.
- Private sector employment in Minnesota has grown by 10% since 2010.
- The trade, transportation, and utilities sector is the largest private employer in Minnesota.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Total Private in Minnesota' series tracks the total number of individuals employed in the private sector across the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the overall health and growth of Minnesota's economy, as the private sector is a key driver of economic activity and employment.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to assess the performance of Minnesota's private labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Total Private in Minnesota (SMS27000000500000026), retrieved from FRED.