Average Weekly Hours of Production Employees: Financial Activities: Finance and Insurance in Minnesota
SMU27000005552000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.40
Year-over-Year Change
4.07%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic indicator tracks the average weekly hours worked by production employees in the finance and insurance sector in Minnesota. It provides insights into the state's labor market and economic activity 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 Average Weekly Hours of Production Employees: Financial Activities: Finance and Insurance in Minnesota metric measures the average number of hours worked per week by production employees in the finance and insurance industry within the state. This data point is used by economists and policymakers to assess labor market conditions and economic trends in Minnesota's financial sector.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by analysts to gauge the health and productivity of Minnesota's finance and insurance industry.
Key Facts
- The data is reported on a monthly basis.
- Minnesota's finance and insurance sector accounts for a significant portion of the state's economy.
- Trends in this metric can signal changes in industry activity and labor demand.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average weekly hours worked by production employees in the finance and insurance sector in Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and economic activity in Minnesota's important finance and insurance industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor this trend to gauge the health and productivity of Minnesota's finance and insurance sector.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Financial Activities: Finance and Insurance in Minnesota (SMU27000005552000007), retrieved from FRED.