All Employees: Other Services: Repair and Maintenance in Minnesota
SMU27000008081100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.37
Year-over-Year Change
0.83%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of employees in the repair and maintenance industry in Minnesota, which is an important indicator of economic activity and demand for services.
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: Other Services: Repair and Maintenance in Minnesota data series tracks the total number of workers employed in the repair and maintenance sector within the broader 'Other Services' industry category across the state. This metric provides insight into the health and output of this key service-based economic segment.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists and policymakers to assess Minnesota's economic conditions and outlook.
Key Facts
- Minnesota's repair and maintenance industry employs over 60,000 workers.
- This sector has seen steady job growth of around 2% annually over the past decade.
- The repair and maintenance industry accounts for nearly 3% of Minnesota's total non-farm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the repair and maintenance industry in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic health and output of Minnesota's repair and maintenance sector, which is an important component of the state's service-based economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess Minnesota's overall economic conditions and outlook.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Other Services: Repair and Maintenance in Minnesota (SMU27000008081100001SA), retrieved from FRED.