All Employees: Professional and Business Services: Management of Companies and Enterprises in Minnesota
SMU27000006055000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.00
Year-over-Year Change
-0.46%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Professional and Business Services: Management of Companies and Enterprises in Minnesota' trend measures employment in the management of companies and enterprises sector in Minnesota. This data provides insight into the health and growth of the state's professional services 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
This economic indicator tracks the number of people employed in the management of companies and enterprises industry in Minnesota. This sector includes establishments that oversee and manage other companies and enterprises, providing the resources and expertise to support their operations.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this trend can help policymakers and economists assess the strength of Minnesota's professional services sector and its contribution to the state's overall economic performance.
Key Facts
- Minnesota's management of companies and enterprises sector employed over 110,000 people as of the latest data.
- Employment in this sector has grown by over 20% in the past decade.
- The management of companies and enterprises industry is a key component of Minnesota's professional services economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the management of companies and enterprises industry in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Monitoring employment in this sector provides insight into the health and growth of Minnesota's professional services industry, which is an important part of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists can use this trend to assess the strength of Minnesota's professional services sector and its contribution to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Management of Companies and Enterprises in Minnesota (SMU27000006055000001), retrieved from FRED.