All Employees: Professional and Business Services in Minnesota
MNPBSV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
375.50
Year-over-Year Change
0.24%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Professional and Business Services in Minnesota' trend measures the total number of employees in the professional and business services sector within the state of Minnesota. This metric is closely watched by economists as an indicator of economic activity and labor market trends.
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 professional and business services sector includes a wide range of high-skill occupations such as legal, accounting, consulting, and administrative services. The Minnesota-specific employment data provides insights into the regional economic climate and can inform policy decisions at the state level.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in professional and business services employment are analyzed by policymakers, businesses, and investors to gauge broader economic conditions and make informed decisions.
Key Facts
- Minnesota has a large professional services industry.
- Employment in this sector grew steadily prior to the COVID-19 pandemic.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Professional and Business Services in Minnesota' trend measures the total number of people employed in the professional and business services sector within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by economists, policymakers, and businesses as an indicator of economic activity and labor market conditions in Minnesota. It provides insights into a key industry sector that drives regional economic growth.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in professional and business services employment are analyzed by policymakers to gauge broader economic conditions and make informed decisions about policies that may impact this important industry sector.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical delay of 1-2 months. There may be revisions to previously reported figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services in Minnesota (MNPBSV), retrieved from FRED.