All Employees: Retail Trade: Grocery and Convenience Retailers in Minnesota
SMU27000004244510001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.70
Year-over-Year Change
-0.89%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the retail trade sector, specifically in grocery and convenience stores located in the state of Minnesota. It provides valuable insights into the labor market and consumer spending patterns in this important industry.
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: Retail Trade: Grocery and Convenience Retailers in Minnesota series tracks the employment levels in the retail trade industry, focusing on grocery and convenience stores within the state of Minnesota. This data is a key indicator of economic activity and consumer behavior in the region.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and establishments.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the health of the retail sector and consumer spending patterns in Minnesota.
Key Facts
- Minnesota is a major consumer market in the Midwest.
- Grocery and convenience stores make up a significant portion of the state's retail trade sector.
- Employment in this industry is a leading indicator of consumer confidence and spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the retail trade sector, specifically in grocery and convenience stores located in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the labor market and consumer spending patterns in the important grocery and convenience store industry, which is a key component of Minnesota's retail sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and establishments.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to assess the health of the retail sector and consumer spending patterns in Minnesota, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a delay of several weeks between the end of the reference period and the release of the data.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Grocery and Convenience Retailers in Minnesota (SMU27000004244510001), retrieved from FRED.