All Employees: Manufacturing: Durable Goods: Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing in Minnesota
SMU27000003133270001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.21
Year-over-Year Change
-0.73%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the manufacturing sector of machine shops, turned product, and screw, nut, and bolt manufacturing in Minnesota. It provides insight into the strength and performance of this crucial industrial segment within the state.
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 trend tracks the employment levels in this specialized manufacturing subsector. This data is a key indicator of industrial activity and economic health in the state.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by economists, policymakers, and industry analysts to assess the manufacturing and industrial climate in Minnesota.
Key Facts
- Minnesota is a major center for machine shops, turned product, and screw, nut, and bolt manufacturing.
- This subsector accounts for a significant portion of the state's overall manufacturing workforce.
- Employment levels in this industry can indicate the broader health of Minnesota's manufacturing economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the manufacturing sector of machine shops, turned product, and screw, nut, and bolt manufacturing in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides insight into the strength and performance of a crucial industrial segment within Minnesota, and is closely monitored by economists, policymakers, and industry analysts to assess the state's manufacturing and economic climate.
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 employment trend is used by policymakers, economists, and industry analysts to evaluate the manufacturing and industrial climate in Minnesota and inform economic policy decisions.
Q: Are there update delays or limitations?
A: There may be some time lag in the data availability, as it is collected through business surveys by the Bureau of Labor Statistics.
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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 (SMU27000003133270001SA), retrieved from FRED.