All Employees: Durable Goods: Machinery Manufacturing in Minnesota
SMU27000003133300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.90
Year-over-Year Change
12.54%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Durable Goods: Machinery Manufacturing in Minnesota trend measures the total number of employees in the machinery manufacturing industry within the state of Minnesota. This metric provides insight into the economic health and labor dynamics of a key manufacturing sector.
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 monthly employment levels in the machinery manufacturing industry in Minnesota, which produces a diverse range of products like industrial machinery, computer and electronic components, and transportation equipment. The data is used by economists and policymakers to assess regional manufacturing activity and labor market conditions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in machinery manufacturing employment are closely watched as indicators of broader manufacturing and economic performance.
Key Facts
- Minnesota is a major center for machinery manufacturing in the U.S.
- The machinery industry employs over 30,000 workers in the state.
- Employment levels in this sector have fluctuated with business cycles.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the machinery manufacturing industry within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Trends in machinery manufacturing employment provide insight into the health of a key manufacturing sector and regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Machinery manufacturing employment is closely watched by economists and policymakers as an indicator of broader manufacturing and economic performance.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Machinery Manufacturing in Minnesota (SMU27000003133300001A), retrieved from FRED.