All Employees: Other Services in Minnesota
SMU27000008000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.40
Year-over-Year Change
0.52%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Other Services in Minnesota' metric tracks the total number of people employed in the 'Other Services' industry sector in the state of Minnesota. This data provides insight into the overall health and trends of this important component of the state's economy.
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 'Other Services' sector includes a diverse range of businesses such as personal care services, repair and maintenance, and religious organizations. This data is used by economists and policymakers to analyze employment patterns and economic activity in Minnesota's service industry.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the state of Minnesota's service economy and can inform economic and workforce development policies.
Key Facts
- Minnesota's 'Other Services' sector accounts for over 4% of total state employment.
- Employment in this sector has grown by 12% over the past decade in Minnesota.
- The 'Other Services' industry provides over 120,000 jobs in Minnesota.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Other Services in Minnesota' metric tracks the total number of people employed in the 'Other Services' industry sector in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the overall health and trends of an important component of Minnesota's service-based economy, which can inform economic and workforce development policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is relevant for understanding the state of Minnesota's service economy and can inform economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is subject to typical government survey reporting timelines and may have minor limitations in coverage or sampling.
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Citation
U.S. Federal Reserve, All Employees: Other Services in Minnesota (SMU27000008000000001A), retrieved from FRED.