All Employees: Manufacturing: Durable Goods in Minnesota
SMS27000003100000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
206.60
Year-over-Year Change
-0.10%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of employees in the manufacturing sector of durable goods industries in the state of Minnesota. It is a key indicator of economic activity and labor market conditions in this important 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 All Employees: Manufacturing: Durable Goods in Minnesota series tracks the employment levels in Minnesota's durable goods manufacturing industries, which produce long-lasting products like machinery, electronics, and transportation equipment. This metric is widely used by economists, policymakers, and industry analysts to gauge the health and competitiveness of the state's manufacturing base.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in durable goods manufacturing employment provide insights into Minnesota's industrial productivity, trade dynamics, and overall economic performance.
Key Facts
- Minnesota is a major U.S. hub for durable goods manufacturing.
- Durable goods represent about half of total manufacturing output in the state.
- Employment in this sector has fluctuated with broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of people employed in durable goods manufacturing industries within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Monitoring durable goods manufacturing employment is crucial for understanding Minnesota's industrial base, trade competitiveness, and overall economic performance.
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: Policymakers and analysts use this metric to assess the health of Minnesota's manufacturing sector and guide decisions on economic development, trade, and workforce policies.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis, with some lag in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods in Minnesota (SMS27000003100000001), retrieved from FRED.