All Employees: Utilities in Minnesota
SMU27000004322000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.20
Year-over-Year Change
3.94%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Utilities in Minnesota trend measures the total number of employees in the utilities industry across the state of Minnesota. This statistic is valuable for economists and policymakers to assess the strength and resilience of Minnesota's utilities 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: Utilities in Minnesota data provides a comprehensive view of the utilities workforce, including electric, gas, and water utilities. This metric helps analysts and researchers understand the size, growth, and labor dynamics within this critical infrastructure industry for the state.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Utilities employment is a key indicator of economic activity and investment in Minnesota's energy, water, and related infrastructure.
Key Facts
- Minnesota has over 20,000 utility employees.
- Utilities account for around 1% of total employment in the state.
- Utility jobs in Minnesota pay 25% above the state's average wage.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Utilities in Minnesota trend measures the total number of people employed in the utilities industry across the state, including electric, gas, and water utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the size, composition, and labor dynamics of Minnesota's critical utilities sector, which is essential infrastructure for the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Utilities employment is an important indicator for policymakers and economic analysts to assess investment, growth, and resilience in Minnesota's energy, water, and related infrastructure.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Utilities in Minnesota (SMU27000004322000001A), retrieved from FRED.