All Employees: Durable Goods: Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing in Minnesota
SMU27000003133270001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.40
Year-over-Year Change
-2.90%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in machine shops, turned product manufacturing, and screw, nut, and bolt manufacturing in Minnesota. It provides insight into the health and activity of the state's durable goods manufacturing 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: Durable Goods: Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing in Minnesota series tracks the number of people employed in these key manufacturing industries within the state. It is a valuable indicator of industrial production and economic conditions.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by policymakers, industry analysts, and regional economic development organizations.
Key Facts
- Minnesota has a large and diverse manufacturing sector.
- Machine shops and related industries are major employers in the state.
- Durable goods production is an important driver of the Minnesota economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in machine shops, turned product manufacturing, and screw, nut, and bolt manufacturing within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and activity of Minnesota's durable goods manufacturing sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely watched by policymakers, industry analysts, and regional economic development organizations to assess economic conditions and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication delays of government statistical releases, but provides a comprehensive view of employment in these key Minnesota manufacturing industries.
Related Trends
Health Care and Social Assistance Earnings in Minnesota
MNEHEA
Poverty Universe, Age 0-17 for Minnesota
PUA0T17MN27000A647NCEN
Number of Identified Exporters to Greece from Minnesota
MNGRCA475SCEN
Industrial Carbon Dioxide Emissions, All Fuels for Minnesota
EMISSCO2TOTVICTOMNA
All Employees: Leisure and Hospitality: Food Services and Drinking Places in Minnesota
SMU27000007072200001
Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Minnesota
MNAGRNQGSP
Citation
U.S. Federal Reserve, All Employees: Durable Goods: Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing in Minnesota (SMU27000003133270001A), retrieved from FRED.