All Employees: Non-Durable Goods: Animal Slaughtering and Processing in Minnesota
SMU27000003231160001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.30
Year-over-Year Change
9.49%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the animal slaughtering and processing industry in Minnesota. It provides insights into the manufacturing sector and labor market 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: Non-Durable Goods: Animal Slaughtering and Processing in Minnesota series tracks the number of people employed in this key food processing industry within the state. It is an important indicator of economic activity and labor demand in Minnesota's manufacturing base.
Methodology
This data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health of Minnesota's food production and processing sector.
Key Facts
- Animal slaughtering and processing is a major industry in Minnesota.
- Employment in this sector has fluctuated over the past decade.
- The trend provides insight into labor demand and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the animal slaughtering and processing industry within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and labor demand of Minnesota's manufacturing base, specifically the important food processing sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the performance and outlook of Minnesota's food production and processing industry.
Q: Are there update delays or limitations?
A: The data is subject to the standard publication schedule and potential revisions by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods: Animal Slaughtering and Processing in Minnesota (SMU27000003231160001A), retrieved from FRED.