All Employees: Construction: Construction of Buildings in Minnesota
SMU27000002023600001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.40
Year-over-Year Change
3.61%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of employees in the construction of buildings industry in Minnesota. It provides insight into the strength and activity of the state's construction sector, which is an important indicator of economic growth and development.
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: Construction: Construction of Buildings in Minnesota series tracks the total number of employees engaged in the construction of residential, commercial, and other buildings within the state. This data is used by economists, policymakers, and industry analysts to monitor the health and trends of Minnesota's construction industry.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is closely watched for its implications on the state's real estate, infrastructure, and overall economic performance.
Key Facts
- Minnesota's construction industry employs over 90,000 workers.
- The state's construction sector contributes nearly $10 billion to the economy annually.
- Building construction accounts for over 60% of total construction employment in Minnesota.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the construction of buildings industry in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength and activity of Minnesota's construction sector, which is an important indicator of the state's economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is closely watched by policymakers, economists, and industry analysts for its implications on the state's real estate, infrastructure, and overall economic performance.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month delay.
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Citation
U.S. Federal Reserve, All Employees: Construction: Construction of Buildings in Minnesota (SMU27000002023600001), retrieved from FRED.