All Employees: Transportation and Warehousing in Minnesota
SMU27000004340008901A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.10
Year-over-Year Change
31.27%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Transportation and Warehousing in Minnesota' metric tracks the total number of employees in the transportation and warehousing industry in the state of Minnesota. This is an important economic indicator for policymakers and analysts to understand trends in this key 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
This series measures the total number of employees, both part-time and full-time, working in the transportation and warehousing industry across Minnesota. It provides insights into the overall health and growth of this vital component of the state's economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Transportation and warehousing are critical to supporting supply chains, logistics, and the broader economic activity in Minnesota and across the United States.
Key Facts
- Minnesota has over 280,000 transportation and warehousing employees.
- This sector accounts for over 9% of the state's total employment.
- Employment in transportation and warehousing has grown by 15% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees working in the transportation and warehousing industry across the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Transportation and warehousing are crucial components of Minnesota's economy, and this data provides important insights into the health and growth of this vital sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to understand trends in transportation and logistics, which are essential for supporting supply chains and broader economic activity in Minnesota.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Transportation and Warehousing in Minnesota (SMU27000004340008901A), retrieved from FRED.