All Employees: Financial Activities: Finance and Insurance in Minnesota
SMS27000005552000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.90
Year-over-Year Change
-1.63%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of employees in the finance and insurance industry in Minnesota. It provides insight into the health and growth of this critical economic sector 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 All Employees: Financial Activities: Finance and Insurance in Minnesota series tracks the total number of people employed in the finance and insurance industry within the state. This metric is used by economists and policymakers to monitor the performance and outlook of Minnesota's financial services industry.
Methodology
The data is collected through a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in finance and insurance employment are closely watched as indicators of broader economic conditions and business investment.
Key Facts
- Finance and insurance is a major industry in Minnesota, accounting for over 160,000 jobs.
- Employment in this sector has grown by 12% in the past 5 years.
- The finance and insurance industry makes up about 5% of Minnesota's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the finance and insurance industry within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Trends in finance and insurance employment are closely watched as indicators of broader economic conditions and business investment in Minnesota.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor the performance and outlook of Minnesota's critical financial services industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, providing timely insights on employment in this sector.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Finance and Insurance in Minnesota (SMS27000005552000001), retrieved from FRED.