All Employees: Construction: Heavy and Civil Engineering Construction in Minnesota
SMU27000002023700001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.10
Year-over-Year Change
40.44%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the heavy and civil engineering construction industry in Minnesota. It provides valuable insights into the state's construction sector activity and labor market conditions.
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: Heavy and Civil Engineering Construction in Minnesota series tracks the employment levels in the heavy and civil engineering construction industry within the state. This data is used by economists and policymakers to analyze trends in the construction sector and its contribution to the overall state economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by construction firms, investors, and government agencies to understand the health of Minnesota's infrastructure and development projects.
Key Facts
- Minnesota's heavy and civil engineering construction industry employed over 18,000 workers as of the latest data.
- Employment in this sector has increased by 8% over the past year, indicating growth in infrastructure projects.
- The construction industry accounts for approximately 4% of Minnesota's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the heavy and civil engineering construction industry within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides important insights into the construction sector's activity and labor market conditions in Minnesota, which is crucial for understanding the state's economic development and infrastructure investment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and government agencies closely monitor this construction employment trend to assess the state's infrastructure needs, investment plans, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months, so it provides timely information on the construction industry's employment trends in Minnesota.
Related Trends
Gross Domestic Product: Real Estate and Rental and Leasing (53) in Minnesota
MNRERENTLEANQGSP
Real Gross Domestic Product: Trade (42, 44-45) in Minnesota
MNTRADERGSP
Average Weekly Earnings of All Employees: Private Service Providing in Minnesota
SMU27000000800000011
Per Capita Personal Consumption Expenditures: Services: Financial Services and Insurance for Minnesota
MNPCEPCFININS
All Employees: Durable Goods: Miscellaneous Durable Goods Manufacturing in Minnesota
SMU27000003133900001A
Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Minnesota
SMU27000003100000007
Citation
U.S. Federal Reserve, All Employees: Construction: Heavy and Civil Engineering Construction in Minnesota (SMU27000002023700001A), retrieved from FRED.