All Employees: Professional and Business Services: Legal Services in Minnesota
SMU27000006054110001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.61
Year-over-Year Change
1.67%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of employees in the legal services industry in Minnesota. It provides important insights into the economic activity and labor market conditions in this 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: Professional and Business Services: Legal Services in Minnesota series tracks the total number of people employed in the legal services industry within the state of Minnesota. This metric is a key indicator of the overall health and activity of the legal services sector in the state.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and businesses to analyze labor market dynamics and inform economic decision-making.
Key Facts
- Minnesota has a large and diverse legal services industry.
- The legal services sector is a significant contributor to the state's economy.
- Employment in this industry has been relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the legal services industry in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the labor market conditions and economic activity within the legal services sector in Minnesota, which is an important part of the state's professional services industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and businesses to analyze labor market dynamics and inform economic decision-making related to the legal services industry in Minnesota.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, but there may be some minor delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Legal Services in Minnesota (SMU27000006054110001SA), retrieved from FRED.