All Employees: Durable Goods: Wood Product Manufacturing in Minnesota
SMU27000003132100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.20
Year-over-Year Change
25.71%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Wood Product Manufacturing in Minnesota' trend measures employment levels in the wood product manufacturing industry within the state of Minnesota. This metric is important for economists and policymakers to understand labor market conditions and industry-specific employment trends.
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 series tracks the total number of employees working in the wood product manufacturing industry in Minnesota. It provides insight into the health and dynamics of this key durable goods sector within the state'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
Policymakers and analysts use this trend to assess economic activity and labor market conditions in Minnesota's manufacturing industries.
Key Facts
- Minnesota is a major producer of wood products in the U.S.
- The wood product manufacturing industry employs over 15,000 workers in the state.
- Employment in this sector has grown by 5% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the wood product manufacturing industry within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and performance of a key durable goods manufacturing industry in Minnesota, which is important for understanding state-level economic conditions and labor market trends.
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: Policymakers and analysts use this trend to assess economic activity and labor market conditions in Minnesota's manufacturing industries, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-month delay.
Related Trends
Average Hourly Earnings of All Employees: Education and Health Services in Minnesota
SMU27000006500000003A
All Employees: Financial Activities: Financial Investments and Related Activities Including Financial Vehicles in Minnesota
SMU27000005552300001SA
Average Weekly Hours of Production Employees: Retail Trade in Minnesota
SMU27000004200000007A
Regional Price Parities: Goods for Minnesota
MNRPPGOOD
All Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Minnesota
SMU27000004142400001SA
All Employees: Educational Services: Elementary and Secondary Schools in Minnesota
SMU27000006561110001A
Citation
U.S. Federal Reserve, All Employees: Durable Goods: Wood Product Manufacturing in Minnesota (SMU27000003132100001A), retrieved from FRED.