All Employees: Financial Activities: Agencies, Brokerages, and Other Insurance Related Activities in Minnesota
Annual
SMU27000005552420001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.90
Year-over-Year Change
57.92%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the total number of employment days in a year for the total non-farm private sector in a given metropolitan statistical area. It is a key economic indicator for understanding regional labor market dynamics.
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 Annual trend provides an annual employment total for the private sector in a specific geographic region. It is used by economists and policymakers to analyze trends in regional economic activity, labor market health, and business cycles.
Methodology
The data is collected through monthly surveys of private establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to inform local economic development strategies and monitor the health of regional labor markets.
Key Facts
- The Annual trend data goes back to 1990.
- The series covers over 380 metropolitan statistical areas.
- Annual employment totals can indicate economic growth or contraction in a region.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total number of employment days in a year for the private sector in a given metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to analyze regional labor market dynamics, economic activity, and business cycles.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of private establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric informs local economic development strategies and monitoring of regional labor market health.
Q: Are there update delays or limitations?
A: The Annual trend data is published with a lag, typically 1-2 months after the end of the reference year.
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Citation
U.S. Federal Reserve, Annual (SMU27000005552420001A), retrieved from FRED.