All Employees: Service-Providing in Minnesota
SMU27000000700000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,576.40
Year-over-Year Change
1.19%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic indicator tracks the total number of service-providing employees in the state of Minnesota. It is a key metric for understanding the health and composition of Minnesota's labor market.
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 All Employees: Service-Providing in Minnesota metric measures the total employment in service-providing industries across the state. This data is used by economists and policymakers to analyze trends in the service sector, which makes up a large portion of Minnesota's economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment statistic is closely monitored by the Federal Reserve and other institutions to inform economic and workforce policy decisions.
Key Facts
- Minnesota's service sector accounts for over 80% of total state employment.
- Service-providing jobs have grown by 10% in Minnesota over the past decade.
- The largest service industries in Minnesota are healthcare, retail, and professional services.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of service-providing employees across industries in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: The service sector is a critical component of Minnesota's economy, so this metric is closely watched by economists, policymakers, and businesses to gauge labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions monitor this service-sector employment statistic to inform economic and workforce policy decisions for Minnesota.
Q: Are there update delays or limitations?
A: The CES data is published monthly with a typical release lag of 3-4 weeks.
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Citation
U.S. Federal Reserve, All Employees: Service-Providing in Minnesota (SMU27000000700000001), retrieved from FRED.