All Employees: Manufacturing: Durable Goods: Medical Equipment and Supplies Manufacturing in Minnesota
SMU27000003133910001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.30
Year-over-Year Change
0.00%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of all employees in the medical equipment and supplies manufacturing industry in Minnesota. It is a key indicator of manufacturing activity and economic conditions in 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: Medical Equipment and Supplies Manufacturing in Minnesota trend represents the total number of individuals employed in this specific manufacturing subsector across the state. It provides insight into the health and productivity of this important industry cluster.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers, industry analysts, and investors to gauge the strength of Minnesota's medical device and equipment manufacturing sector.
Key Facts
- Minnesota is a major hub for medical device manufacturing in the U.S.
- The medical equipment industry accounts for over 25,000 jobs in the state
- This sector has experienced steady growth over the past decade
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals employed in the medical equipment and supplies manufacturing industry across the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the health and productivity of Minnesota's critical medical device manufacturing sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this trend to gauge the strength of Minnesota's medical equipment manufacturing industry and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Medical Equipment and Supplies Manufacturing in Minnesota (SMU27000003133910001), retrieved from FRED.