All Employees: Retail Trade in Minnesota
SMS27000004200000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
287.70
Year-over-Year Change
1.20%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Retail Trade in Minnesota' trend measures the total number of people employed in the retail industry across the state of Minnesota. This metric is a key indicator of economic activity and consumer spending.
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 series tracks the total number of employees in the retail trade sector in Minnesota, one of the largest industries in the state. It provides insight into the overall health of Minnesota's economy and consumer demand.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Retail employment figures are closely watched by economists, policymakers, and investors to gauge Minnesota's economic performance and consumer confidence.
Key Facts
- Minnesota's retail sector accounts for over 450,000 jobs.
- Retail is the second-largest private employer in Minnesota.
- Retail trade makes up about 11% of Minnesota's total GDP.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Retail Trade in Minnesota' trend measures the total number of people employed in the retail industry across the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Retail employment is a key indicator of economic activity and consumer spending in Minnesota, making this trend highly relevant for economists, policymakers, and investors analyzing the state's economic performance.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Retail employment figures are closely watched by economists and policymakers to gauge Minnesota's economic health and consumer confidence, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade in Minnesota (SMS27000004200000001), retrieved from FRED.