All Employees: Financial Activities: Depository Credit Intermediation including Monetary Authorities - Central Bank in Minnesota
SMU27000005552210001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.20
Year-over-Year Change
-8.17%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of people employed in the depository credit intermediation and central banking industry in Minnesota. It is an important indicator of the financial and banking sector's economic health in the state.
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: Financial Activities: Depository Credit Intermediation including Monetary Authorities - Central Bank in Minnesota metric tracks the employment levels in this key industry. It provides insight into the strength and growth of Minnesota's banking and finance sector, which is a critical component of the state's economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, financial analysts, and economists to assess the economic conditions and outlook for Minnesota's financial services industry.
Key Facts
- Minnesota has over 100,000 employees in the depository credit intermediation industry.
- The financial activities sector accounts for nearly 6% of Minnesota's total nonfarm employment.
- Employment in this industry has grown by over 10% in the past decade in Minnesota.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the depository credit intermediation and central banking industry in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength and growth of Minnesota's banking and finance sector, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers, financial analysts, and economists to assess the economic conditions and outlook for Minnesota's financial services industry.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Depository Credit Intermediation including Monetary Authorities - Central Bank in Minnesota (SMU27000005552210001A), retrieved from FRED.