All Employees: Manufacturing: Durable Goods: Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing in Minnesota
SMU27000003133270001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.30
Year-over-Year Change
-0.75%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of manufacturing employees in Minnesota's durable goods sector, specifically in machine shops, turned product, and screw, nut, and bolt manufacturing. It provides insights into the health and labor trends of this important industrial segment.
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: Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing in Minnesota series tracks the total number of employed workers in these specialized manufacturing industries within the state. It is a key indicator of production capacity, economic activity, and labor market conditions in this sector.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the strength of Minnesota's manufacturing base and the overall economic climate.
Key Facts
- Minnesota is a major manufacturing hub in the U.S.
- Durable goods manufacturing accounts for a significant portion of the state's economy.
- The machine shops, turned product, and screw, nut, and bolt industries are important sub-sectors within Minnesota's manufacturing landscape.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in Minnesota's durable goods manufacturing sector, specifically in machine shops, turned product, and screw, nut, and bolt manufacturing.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and labor market conditions of an important industrial segment within Minnesota's economy, which is relevant for policymakers, economists, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and industry analysts to assess the strength of Minnesota's manufacturing base and the overall economic climate.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of the U.S. Bureau of Labor Statistics surveys.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing in Minnesota (SMU27000003133270001), retrieved from FRED.