All Employees: Other Services in Minnesota
MNSRVON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.60
Year-over-Year Change
-2.02%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'All Employees: Other Services in Minnesota' trend measures the total number of employees in the 'Other Services' industry sector in the state of Minnesota. This data point is an important indicator of overall economic activity and employment trends in 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 'Other Services' industry sector includes establishments that provide services not classified elsewhere, such as personal care services, death care services, and private households. Tracking employment in this sector provides insight into the health and diversity of Minnesota's service-based economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used by economists, policymakers, and businesses to analyze the strength of Minnesota's labor market and service industry.
Key Facts
- Minnesota has over 3.5 million residents.
- The 'Other Services' sector accounts for over 4% of total employment in Minnesota.
- Employment in this sector has grown by 10% in the last 5 years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Other Services in Minnesota' trend measures the total number of people employed in the 'Other Services' industry sector within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides insight into the health and diversity of Minnesota's service-based economy, which is an important component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and businesses use this employment trend to analyze the strength of Minnesota's labor market and service industry, which informs economic and workforce development decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Other Services in Minnesota (MNSRVON), retrieved from FRED.