Retail Trade Earnings in Minnesota
MNERET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,400,085.00
Year-over-Year Change
13.95%
Date Range
1/1/1998 - 1/1/2025
Summary
The Retail Trade Earnings in Minnesota trend measures the average weekly earnings of retail trade workers in the state. This indicator provides insights into the economic health and spending power of Minnesota's consumer 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 Retail Trade Earnings in Minnesota series tracks the average weekly earnings for employees in the retail trade industry across the state. This metric is used by economists and policymakers to assess consumer spending patterns, wage growth, and the overall vitality of Minnesota's commercial sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Retail earnings data informs policy decisions and market analysis related to consumer activity, inflation, and the broader state economy.
Key Facts
- Minnesota's retail trade sector employs over 400,000 workers.
- Retail earnings have grown by 20% in the past decade.
- Earnings vary by subsector, with auto parts and furniture seeing the highest pay.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Earnings in Minnesota trend measures the average weekly earnings of workers employed in the retail trade industry across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending patterns, wage growth, and the overall health of Minnesota's commercial sector, which is crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Retail earnings data informs policy decisions and market analysis related to consumer activity, inflation, and the broader state economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of 4-6 weeks. The series may not capture all informal or cash-based retail activities.
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Citation
U.S. Federal Reserve, Retail Trade Earnings in Minnesota (MNERET), retrieved from FRED.