Other Services (except Public Administration) Earnings in Minnesota
MNEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,627,159.00
Year-over-Year Change
18.41%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures average weekly earnings in the 'Other Services' industry sector in Minnesota. It provides insight into the financial well-being of workers in this part of the state's service economy.
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 'Other Services' sector encompasses a diverse range of businesses, from automotive repair to personal care services. Monitoring earnings in this sector can help economists and policymakers understand economic conditions and the purchasing power of these workers.
Methodology
The data is collected through the Quarterly Census of Employment and Wages program.
Historical Context
Tracking earnings in the 'Other Services' sector is relevant for analyzing Minnesota's overall economic performance and the financial security of residents.
Key Facts
- The 'Other Services' sector accounts for over 4% of Minnesota's total employment.
- Average weekly earnings in this sector have increased by 15% over the past 5 years.
- This data is released quarterly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of workers in the 'Other Services' industry sector in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Monitoring earnings in the 'Other Services' sector provides insight into the financial well-being of a diverse group of workers and can help analyze broader economic conditions in Minnesota.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Policymakers and economists may use this data to assess the financial security of Minnesota residents and inform decisions related to the state's service industry.
Q: Are there update delays or limitations?
A: This data is released quarterly by the U.S. Bureau of Labor Statistics, so there may be a short delay before the most recent quarter's information is available.
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Citation
U.S. Federal Reserve, Other Services (except Public Administration) Earnings in Minnesota (MNEOTH), retrieved from FRED.