All Employees: Retail Trade: Building Material and Garden Equipment and Supplies Dealers in Minnesota
SMU27000004244400001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.90
Year-over-Year Change
-1.37%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the building material and garden equipment and supplies dealers industry in Minnesota. It provides insight into the strength and activity of this sector within the state's economy.
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
This series tracks the monthly employment levels for businesses that sell building materials, home improvement supplies, garden equipment, and related products in Minnesota. It is an important indicator of consumer demand and construction activity in the state.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the health of Minnesota's retail and construction industries.
Key Facts
- Minnesota has over 7,000 building material and garden supply stores.
- Employment in this sector peaked at 32,200 in July 2022.
- The industry accounts for 3.3% of Minnesota's total retail trade employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the building material and garden equipment and supplies dealers industry in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer demand and construction activity in Minnesota, making it a valuable indicator for economists, policymakers, and market analysts.
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 trend is used by policymakers and economists to assess the health of Minnesota's retail and construction industries, which informs economic and development policies.
Q: Are there update delays or limitations?
A: The data is subject to typical government survey and publication delays, with the most recent month's figures typically available within 2-3 weeks.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Building Material and Garden Equipment and Supplies Dealers in Minnesota (SMU27000004244400001), retrieved from FRED.