All Employees: Construction: Building Equipment Contractors in Minnesota
SMU27000002023820001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.40
Year-over-Year Change
-1.17%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of all employees in the construction industry for building equipment contractors in Minnesota. It provides insights into the state's construction sector and labor market conditions.
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: Building Equipment Contractors in Minnesota' series tracks the total number of employees in the construction industry specifically for building equipment contractors located in the state of Minnesota. This data is used by economists and policymakers to analyze workforce trends and the overall health of the state's construction sector.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding broader construction industry dynamics and informing infrastructure investment decisions in Minnesota.
Key Facts
- Minnesota is a major construction hub in the Midwest.
- Building equipment contractors make up a significant portion of the state's construction workforce.
- Employment in this sector can signal broader economic conditions and investment trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working for building equipment contractors in the construction industry located in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and labor market conditions of Minnesota's construction sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and economists to assess construction industry activity and inform infrastructure investment decisions in Minnesota.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Construction: Building Equipment Contractors in Minnesota (SMU27000002023820001), retrieved from FRED.