All Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Minnesota
SMU27000003133200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.20
Year-over-Year Change
-0.23%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the number of all employees in the durable goods manufacturing sector of fabricated metal product manufacturing in Minnesota. It provides insights into the state's manufacturing industry and economic 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: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Minnesota series tracks the total number of workers employed in this specific manufacturing subsector within the state. It is a key indicator of activity and labor demand in Minnesota's durable goods production.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely used by economists, policymakers, and businesses to monitor the health of Minnesota's manufacturing economy.
Key Facts
- Minnesota is a major hub for fabricated metal product manufacturing.
- Durable goods production accounts for a significant portion of the state's economy.
- Employment trends in this sector are closely watched by policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the fabricated metal product manufacturing subsector of Minnesota's durable goods manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and activity of Minnesota's manufacturing economy, which is a key driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the strength of Minnesota's manufacturing sector and inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Minnesota (SMU27000003133200001), retrieved from FRED.