All Employees: Goods Producing in Minnesota
SMU27000000600000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
488.50
Year-over-Year Change
1.06%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'All Employees: Goods Producing in Minnesota' series tracks the number of employees in the goods-producing industries in the state of Minnesota. This provides insight into the health and productivity of Minnesota's manufacturing, construction, and mining sectors.
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 economic indicator represents the total number of employees in Minnesota's goods-producing industries, which include manufacturing, construction, and mining. It is a key measure of economic activity and can signal shifts in industrial production, investment, and employment within the state.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to assess the performance of Minnesota's core industrial sectors and the broader state economy.
Key Facts
- Minnesota has a diverse goods-producing sector, including manufacturing, construction, and mining.
- The goods-producing industries account for a significant portion of Minnesota's total employment and economic output.
- Tracking employment in these sectors provides insight into the state's industrial competitiveness and economic health.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Goods Producing in Minnesota' series tracks the total number of employees in the state's goods-producing industries, including manufacturing, construction, and mining.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the performance and productivity of Minnesota's core industrial sectors, which are important drivers of the state's overall economic activity and employment.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the health and competitiveness of Minnesota's industrial base, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Goods Producing in Minnesota (SMU27000000600000001), retrieved from FRED.