All Employees: Computer Systems Design and Related Services in Minnesota
SMU27000006054150001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.50
Year-over-Year Change
13.78%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the computer systems design and related services industry in the state of Minnesota. It provides insights into the labor market dynamics of this key technology 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: Computer Systems Design and Related Services in Minnesota series tracks the total number of people employed in computer systems design, programming, and other related services within the state. This data is used to analyze the health and growth of Minnesota's technology industry.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the strength of Minnesota's technology sector and its ability to attract and retain skilled workers.
Key Facts
- Minnesota has a large and growing computer systems design industry.
- Employment in this sector has increased steadily over the past decade.
- The state's tech workforce is a key contributor to its economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the computer systems design and related services industry within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and growth of Minnesota's technology sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by policymakers, economists, and businesses to understand the strength of Minnesota's technology industry and its ability to attract and retain skilled workers.
Q: Are there update delays or limitations?
A: The data is updated monthly by the U.S. Bureau of Labor Statistics, but there may be some delay in the release of the latest figures.
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Citation
U.S. Federal Reserve, All Employees: Computer Systems Design and Related Services in Minnesota (SMU27000006054150001A), retrieved from FRED.