All Employees: Non-Durable Goods: Food Manufacturing in Minnesota
SMU27000003231100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.00
Year-over-Year Change
7.38%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures total employment in the food manufacturing industry in Minnesota. It provides valuable insights into the state's food production and processing 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: Non-Durable Goods: Food Manufacturing in Minnesota metric tracks the total number of individuals employed in the food manufacturing industry across the state. This data point is a key indicator of economic activity and labor market conditions in Minnesota's food production and processing supply chain.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by policymakers, economists, and industry analysts to assess the health and competitiveness of Minnesota's food manufacturing sector.
Key Facts
- Minnesota is a major food processing hub in the U.S.
- Food manufacturing accounts for over 50,000 jobs in the state.
- The industry has seen steady job growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures total employment in the food manufacturing industry across the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data point provides valuable insights into the health and competitiveness of Minnesota's food production and processing sector, which is a crucial part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this trend to assess the state of Minnesota's food manufacturing industry and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods: Food Manufacturing in Minnesota (SMU27000003231100001A), retrieved from FRED.