All Employees: Durable Goods: Navigational, Measuring, Electromedical, and Control Instruments Manufacturing in Minnesota
SMU27000003133450001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.90
Year-over-Year Change
4.02%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the Navigational, Measuring, Electromedical, and Control Instruments Manufacturing industry in Minnesota. It provides insight into the state's durable goods 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
The All Employees: Durable Goods: Navigational, Measuring, Electromedical, and Control Instruments Manufacturing in Minnesota metric tracks the employment levels in this specific manufacturing subsector. It is a key indicator of economic activity and production capacity in Minnesota's high-tech industries.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to monitor the health and competitiveness of Minnesota's advanced manufacturing capabilities.
Key Facts
- Minnesota is a hub for high-tech manufacturing.
- This industry employs over 25,000 workers in the state.
- Navigational equipment production is a key part of Minnesota's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the Navigational, Measuring, Electromedical, and Control Instruments Manufacturing industry in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and competitiveness of Minnesota's high-tech manufacturing sector, which is a crucial part of the state's economy.
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: Economists, policymakers, and industry analysts use this trend to monitor the strength of Minnesota's advanced manufacturing capabilities and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Navigational, Measuring, Electromedical, and Control Instruments Manufacturing in Minnesota (SMU27000003133450001A), retrieved from FRED.