All Employees: Financial Activities: Nondepository Credit Intermediation in Minnesota
SMU27000005552220001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.70
Year-over-Year Change
1.43%
Date Range
1/1/2003 - 6/1/2025
Summary
This economic trend measures the number of employees in the nondepository credit intermediation industry in Minnesota. It provides insights into the health and growth of the state's financial services 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: Financial Activities: Nondepository Credit Intermediation in Minnesota metric tracks the total number of workers in the nondepository credit intermediation industry within the state. This includes companies that provide lending, investment, and related services, but do not take deposits, such as mortgage brokers and investment funds.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is useful for analyzing the performance and competitiveness of Minnesota's financial services industry.
Key Facts
- Minnesota has over 30,000 employees in the nondepository credit intermediation industry.
- The sector has seen steady growth in recent years.
- Financial services account for over 5% of Minnesota's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the nondepository credit intermediation industry in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and growth of Minnesota's financial services sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is useful for policymakers and analysts to assess the performance and competitiveness of Minnesota's financial services industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Nondepository Credit Intermediation in Minnesota (SMU27000005552220001SA), retrieved from FRED.