All Employees: Other Services: Personal and Laundry Services in Minnesota
SMU27000008081200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.98
Year-over-Year Change
-0.75%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of employees in the personal and laundry services industry in Minnesota. It provides insight into the health and labor dynamics of this key service 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: Other Services: Personal and Laundry Services in Minnesota series tracks the total number of people employed in businesses such as hair salons, dry cleaners, and other personal care services across the state. This metric is used by economists and policymakers to monitor the strength of the service economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is relevant for understanding consumer demand, labor market conditions, and the broader service industry performance in Minnesota.
Key Facts
- Minnesota has over 50,000 employees in the personal and laundry services industry.
- This sector accounts for approximately 2% of total employment in the state.
- Employment in personal and laundry services has grown steadily in Minnesota over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the personal and laundry services industry in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and labor dynamics of an important service sector in the Minnesota economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this employment data to monitor consumer demand, labor market conditions, and the broader performance of the service industry in Minnesota.
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: Personal and Laundry Services in Minnesota (SMU27000008081200001SA), retrieved from FRED.