Average Weekly Earnings of Production Employees: Financial Activities: Finance and Insurance in Minnesota
SMU27000005552000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,683.84
Year-over-Year Change
10.97%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the finance and insurance industry within Minnesota. It is an important indicator of labor market conditions and wage growth in the financial 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 Average Weekly Earnings of Production Employees: Financial Activities: Finance and Insurance in Minnesota series tracks the average weekly pay for non-managerial workers in the finance and insurance industry in the state of Minnesota. This metric provides insight into compensation trends and labor market dynamics within a key economic sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This earnings trend is closely monitored by policymakers, analysts, and industry participants to assess the economic health and competitiveness of Minnesota's financial services sector.
Key Facts
- Finance and insurance is a major industry in Minnesota.
- Wages in this sector tend to be higher than the statewide average.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the finance and insurance industry within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into compensation levels and labor market dynamics within a key economic sector in Minnesota, which is useful for policymakers, businesses, and investors.
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 earnings trend is closely monitored by policymakers to assess the economic health and competitiveness of Minnesota's financial services sector.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Financial Activities: Finance and Insurance in Minnesota (SMU27000005552000030), retrieved from FRED.