Information Earnings in Minnesota
MNEINF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,551,710.00
Year-over-Year Change
13.93%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Information Earnings in Minnesota' series measures average weekly earnings in the information industry in the state of Minnesota. This data provides insights into economic trends and labor market conditions in this key 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 information industry encompasses a range of economic activities including publishing, telecommunications, data processing, and other information services. This earnings data is a valuable indicator of compensation levels and workforce trends within Minnesota's information economy.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
This information is used by policymakers, economists, and industry analysts to monitor economic performance and guide decision-making.
Key Facts
- The information industry accounts for over 5% of Minnesota's total employment.
- Average weekly earnings in Minnesota's information sector are over 30% higher than the statewide average.
- Information industry earnings have grown by 12% in Minnesota over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The 'Information Earnings in Minnesota' series tracks the average weekly earnings of workers in Minnesota's information industry, which includes sectors like publishing, telecommunications, and data processing.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into compensation levels and workforce trends within a key sector of Minnesota's economy, which is crucial information for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers in Minnesota.
Q: How is this trend used in economic policy?
A: This information is used by policymakers, economists, and industry analysts to monitor economic performance and guide decision-making related to the information sector in Minnesota.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Information Earnings in Minnesota (MNEINF), retrieved from FRED.