All Employees: Other Services: Personal and Laundry Services in Minnesota
SMU27000008081200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.10
Year-over-Year Change
-2.17%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the personal and laundry services industry in Minnesota. It provides insights into the state's service sector and consumer-facing businesses.
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: Other Services: Personal and Laundry Services in Minnesota data series tracks the total employment levels for businesses providing personal care services, laundry services, and other similar activities within the state. This metric offers a window into the health and labor demands of Minnesota's personal services industry.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to gauge the strength of Minnesota's consumer-oriented service economy.
Key Facts
- Minnesota has over 80,000 personal and laundry services employees.
- The personal services industry accounts for 3% of total employment in the state.
- Employment in this sector has grown by 12% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the personal and laundry services 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 labor demands of Minnesota's consumer-facing service economy, which is an important component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the strength of Minnesota's service sector and consumer-oriented businesses, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in the release of this data by the federal government.
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Citation
U.S. Federal Reserve, All Employees: Other Services: Personal and Laundry Services in Minnesota (SMU27000008081200001), retrieved from FRED.