All Employees: Mining and Logging in Minnesota
SMU27000001000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.50
Year-over-Year Change
-7.14%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Mining and Logging in Minnesota' trend tracks the total number of employees in the mining and logging industries in the state of Minnesota. This metric provides insights into the health and activity of these critical economic 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 labor market indicator monitors employment levels in Minnesota's mining and logging industries, which are important drivers of the state's economy. The data is used by economists, policymakers, and businesses to analyze trends and inform decision-making.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Tracking employment in these industries offers valuable context for understanding broader economic conditions and development in Minnesota.
Key Facts
- Minnesota is a major producer of iron ore and other minerals.
- The mining and logging sectors account for over 20,000 jobs in the state.
- Employment in these industries is closely tied to global commodity prices and demand.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Mining and Logging in Minnesota' trend measures the total number of people employed in the mining and logging industries within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and activity of two critical sectors of Minnesota's economy, allowing analysts and policymakers to better understand economic conditions and development in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Tracking employment in Minnesota's mining and logging industries offers valuable context for understanding broader economic conditions and can inform policy decisions by state and federal governments.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a slight delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Mining and Logging in Minnesota (SMU27000001000000001A), retrieved from FRED.