All Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Minnesota
SMU27000005552200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.32
Year-over-Year Change
-2.67%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of employees in the financial activities sector, specifically credit intermediation and related activities, including monetary authorities and the central bank in Minnesota. It provides insight into the health and growth of the financial services industry in the state.
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: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Minnesota trend tracks the employment levels in the financial services sector in Minnesota. This data is used by economists and policymakers to analyze the strength and trends within the state's finance-related industries.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the economic conditions and labor market dynamics in Minnesota's financial sector, which is an important driver of the state's overall economic performance.
Key Facts
- Minnesota is home to several major financial institutions.
- The finance and insurance sector accounts for over 5% of the state's GDP.
- Employment in this sector has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the financial activities sector in Minnesota, specifically in credit intermediation and related activities, including monetary authorities and the central bank.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and growth of the financial services industry in Minnesota, which is an important driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the strength and trends within Minnesota's finance-related industries, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to regular updates from the U.S. Bureau of Labor Statistics, with potential for minor delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Minnesota (SMU27000005552200001SA), retrieved from FRED.