All Employees: Manufacturing: Durable Goods: Machinery Manufacturing in Minnesota
SMU27000003133300001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.70
Year-over-Year Change
-0.24%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the durable goods manufacturing sector, specifically in the machinery manufacturing industry in Minnesota. It provides insights into the strength and labor demand in this key component of the state's economy.
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: Machinery Manufacturing in Minnesota trend tracks the monthly employment levels in this critical industry, which produces a wide range of industrial and commercial machinery. This data is used by economists and policymakers to assess the health and competitiveness of Minnesota's manufacturing base.
Methodology
The data is collected through surveys of industrial establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by analysts as an indicator of investment, production, and economic activity in Minnesota's manufacturing sector.
Key Facts
- Minnesota is one of the top manufacturing states in the U.S.
- Machinery manufacturing accounts for over 15% of the state's total manufacturing employment.
- Employment in this sector has seen steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees working in the durable goods manufacturing sector, specifically in the machinery manufacturing industry, located in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and competitiveness of Minnesota's manufacturing base, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely watched by analysts and policymakers as an indicator of investment, production, and economic activity in Minnesota's manufacturing sector, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Machinery Manufacturing in Minnesota (SMU27000003133300001SA), retrieved from FRED.