Average Weekly Earnings of All Employees: Financial Activities in Minnesota
SMU27000005500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,943.23
Year-over-Year Change
9.37%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the financial activities sector in Minnesota. It provides insights into the compensation levels and economic health of 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 Average Weekly Earnings of All Employees: Financial Activities in Minnesota metric tracks the average weekly pay for workers in the financial services, insurance, and real estate industries within the state. This data is a key indicator of labor market conditions and wage growth in Minnesota's financial sector.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists analyze this trend to assess the competitiveness and vitality of Minnesota's financial services industry.
Key Facts
- Minnesota's financial activities sector employs over 200,000 workers.
- Average weekly earnings in this sector exceed the statewide average.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the financial activities sector in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the compensation levels and economic health of Minnesota's important financial services industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the competitiveness and vitality of Minnesota's financial services industry, which informs economic development strategies and workforce policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Financial Activities in Minnesota (SMU27000005500000011), retrieved from FRED.