All Employees: Construction: Foundation, Structure, and Building Exterior Contractors in Minnesota
SMU27000002023810001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.80
Year-over-Year Change
7.43%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees working in the construction industry for foundation, structure, and building exterior contractors in the state of Minnesota. It provides insights into the health and activity of the construction sector, which is a key driver of economic growth.
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: Construction: Foundation, Structure, and Building Exterior Contractors in Minnesota trend tracks the monthly employment levels in this specialized segment of the construction industry within the state. It is an important indicator of construction activity and can inform analysis of the broader economic conditions in Minnesota.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to assess the performance and outlook of the construction sector in Minnesota.
Key Facts
- Minnesota has a large and diverse construction industry.
- Construction is a major contributor to the state's GDP.
- Employment in this sector can signal broader economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the construction industry for foundation, structure, and building exterior contractors in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and activity of the construction sector in Minnesota, which is a key driver of economic growth and development in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and industry analysts to assess the performance and outlook of the construction sector in Minnesota, which can inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, All Employees: Construction: Foundation, Structure, and Building Exterior Contractors in Minnesota (SMU27000002023810001), retrieved from FRED.