Earnings by Place of Work in Minnesota
MNEPLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
312,694,172.00
Year-over-Year Change
13.92%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures total earnings by place of work in the state of Minnesota. It is a key indicator of economic activity and income levels within 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
The Earnings by Place of Work in Minnesota series tracks the total compensation, including wages and salaries, received by workers at their workplace location within the state. This data is used by policymakers and analysts to monitor the overall health of Minnesota's economy.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used to inform economic and fiscal policy decisions at the state level.
Key Facts
- Minnesota's total earnings reached $344 billion in 2021.
- Earnings grew by 7.2% in Minnesota from 2020 to 2021.
- The finance and insurance sector accounted for the largest share of earnings in Minnesota in 2021.
FAQs
Q: What does this economic trend measure?
A: The Earnings by Place of Work in Minnesota series tracks the total compensation, including wages and salaries, received by workers at their workplace location within the state.
Q: Why is this trend relevant for users or analysts?
A: This data is used by policymakers and analysts to monitor the overall health of Minnesota's economy and inform economic and fiscal policy decisions at the state level.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This metric is used to inform economic and fiscal policy decisions at the state level, providing insights into the overall level of economic activity and income in Minnesota.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Bureau of Economic Analysis, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Earnings by Place of Work in Minnesota (MNEPLA), retrieved from FRED.