All Employees: Federal Government in Minnesota
SMU27000009091000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.50
Year-over-Year Change
6.01%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Federal Government in Minnesota' metric tracks the total number of federal government employees working in the state of Minnesota. This key labor market indicator provides insight into the size and trends of the federal workforce 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
This series measures the total employment in the federal government sector within Minnesota. It is part of the Current Employment Statistics (CES) program, a monthly survey of businesses that provides detailed industry data on employment, hours, and earnings of workers on nonfarm payrolls.
Methodology
The data is collected through a monthly survey of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The federal government employment trend in Minnesota is closely watched by policymakers and economists to understand the state's public sector labor market dynamics.
Key Facts
- Minnesota has over 20,000 federal government employees.
- Federal government jobs account for about 0.7% of total employment in Minnesota.
- The federal workforce in Minnesota has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of federal government employees working in the state of Minnesota. It provides insight into the size and trends of the public sector workforce in the state.
Q: Why is this trend relevant for users or analysts?
A: The federal government employment trend in Minnesota is closely watched by policymakers and economists to understand the state's public sector labor market dynamics and the role of the federal government as an employer.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of employers conducted by the U.S. Bureau of Labor Statistics as part of the Current Employment Statistics (CES) program.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and labor market analysts to monitor the size and stability of the federal government workforce in Minnesota, which can inform decisions around public sector employment and budgets.
Q: Are there update delays or limitations?
A: The federal government employment data for Minnesota is published monthly with a typical lag of around one month from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Federal Government in Minnesota (SMU27000009091000001A), retrieved from FRED.