All Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Minnesota
SMU27000003133600001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.69
Year-over-Year Change
-3.22%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the transportation equipment manufacturing industry in the state of Minnesota. It is a key indicator of economic activity and production capacity in this crucial 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: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Minnesota series tracks the number of people employed in the production of transportation equipment, such as motor vehicles, aircraft, and railcars, within the state. This data provides insights into the strength and trends of Minnesota's durable goods manufacturing industry.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health and competitiveness of Minnesota's manufacturing sector and make informed decisions about economic development initiatives.
Key Facts
- Minnesota's transportation equipment manufacturing industry employs over 50,000 workers.
- This sector accounts for approximately 15% of the state's total manufacturing employment.
- Employment in this industry has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the transportation equipment manufacturing industry in the state of Minnesota, providing insights into the strength and productivity of this crucial manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the health and competitiveness of Minnesota's manufacturing industry, which is a key driver of the state's economy. It helps policymakers and analysts make informed decisions about economic development initiatives.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the performance and competitiveness of Minnesota's manufacturing sector, informing decisions about economic development, workforce training, and infrastructure investments.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months. There may be revisions to previous months' data as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Minnesota (SMU27000003133600001SA), retrieved from FRED.