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    Economic Indicators

    Economic indicators provide key insight into the performance of Minnesota's economy. Prior to the production of each Budget & Economic Forecast we examine a variety of state and national economic indicators. The following links provide access to the latest data available for many of the important factors we consider.

    Employment

    Data Tool Description Source Link
    Current Employment
    Statistics (CES)
    		Program develops monthly survey estimates of total non-farm employment by industry, as well as average weekly hours and average hourly/weekly wages earned in various industries for national, state and local areas by place of work.
     
    Source: MN Dept. of Employment & Economic Development (DEED)    		 Minnesota
    Data
     
    National Data
     
    Quarterly Census of
    Employment & Wages
    (QCEW)    		 Program compiles employment and wage statistics from a quarterly census of employers covered under the Unemployment Insurance (UI) Program, which includes about 97 percent of Minnesota employment. Data are available by industry, ownership type, and national, state and local area.
     
    Source: MN Dept. of Employment & Economic Development (DEED)    		 Minnesota
    Data
     
    National Data
     
    Job Vacancy Survey (JVS) Program develops semi-annual survey data on hiring demand and job vacancy characteristics. Data are available by industry and occupation as well as by state and sub-state regions.
    Source: MN Dept. of Employment & Economic Development (DEED)    		 Minnesota Data
     
    Job Openings and Labor Turnover Survey (JOLTS) Program develops monthly survey estimates of job openings and labor turnover, including job openings, hires, quits, layoffs and discharges, and other separations, for national and census regions.
     
    Source: U.S. Bureau of Labor Statistics (BLS)    		 Regional & National Data
     
    Occupational
    Employment Statistics
    (OES) Survey    		 Program develops semi-annual survey estimates of employment and wages for about 800 occupation classifications. Comparable statistics are available by national, state, Metropolitan Statistical Areas, and sub-state regions.
     
    Source: MN Dept. of Employment & Economic Development (DEED)    		 Minnesota
    Data
     
    National Data

    Unemployment & Labor Force

    Data Tool Description Source Link
    Local Area
    Unemployment
    Statistics (LAUS)
    Program develops monthly survey estimates of labor force, employment, unemployment, and unemployment rates for national, state and local areas by place of residence.
     
    Source: MN Dept. of Employment & Economic Development (DEED)
         		 Minnesota
    Data
     
    National
    Data
    Unemployment Insurance (UI) Statistics Program provides demographic statistics on people filing initial and continuing claims for unemployment insurance benefits, including information on the occupation, industry, education level, race, sex and region of claimants.
     
    Source: MN Dept. of Employment & Economic Development (DEED)    		 Minnesota
    Data
     
    National
    Data

    Income & Output

    Data Tool Description Source Link
    State & Local Area Personal Income Program compiles data on the personal income received by all persons, or on behalf of all persons, who live in Minnesota (by place of residence) and is measured before the deduction of personal income taxes and other personal taxes.
     
    Source: U.S. Bureau of Economic Analysis (BEA)    		 Minnesota
    Data
     
    National
    Data
    Gross Domestic Product (GDP) by State Program compiles data on GDP by state, which is the state counterpart of the Nation's gross domestic product (GDP), the most featured and comprehensive measure of economic activity. GDP by state is derived as the sum of the GDP originating in all the industries in a state.
     
    Source: U.S. Bureau of Economic Analysis (BEA)    		 Minnesota
    Data
     
    National
    Data
    Beige Book Report published by the Federal Reserve which gathers and summarizes anecdotal information on current economic conditions by District and sector.
     
    Source: Federal Reserve Bank    		 Regional
    Data

    Demographics & Housing

    Data Tool Description Source Link
    State Population Estimates Program produces annual estimates of the population for the United States, its states, and local areas. Demographic components of population change (births, deaths, and migration) and housing unit estimates are also produced.
     
    Source: U.S. Census Bureau & Minnesota State Demographic Center    		 Minnesota Data
     
    National
    Data
    American Community
    Survey (ACS)    		 Program compiles annual survey estimates of demographic, housing, social, and economic information for all states and local areas with population groups of 65,000 people or more.
     
    Source: U.S. Census Bureau    		 Minnesota & National Data
     
    Building Permits Survey Program compiles data on the on the number of new housing units authorized by building permits. Data are available monthly, year-to-date, and annually at the national, state, and selected metropolitan area levels.
     
    Source: U.S. Census Bureau    		 Minnesota
    & National
    Data

    Inflation, Prices, and Productivity

    Data Tool Description Source Link
    Consumer Price Index (CPI) Program produces monthly data on the average change in the prices paid for goods and services by households. Consumer price indexes are available by spending item for the U.S., the four Census regions, and some local areas.
     
    Source: U.S. Bureau of Labor Statistics (BLS)    		 Regional & National
    Data
    Producer Price Index (PPI) Program produces monthly data on the average change in the selling prices for goods, services, and construction received by domestic producers. Producer price indexes are available by industry for the U.S.
     
    Source: U.S. Bureau of Labor Statistics (BLS)    		 National
    Data
    Employment Cost Trends Program produces quarterly indexes measuring the change in labor costs (Employment Cost Index - ECI) and quarterly data measuring level of average costs per hour worked (Employer Costs for Employee Compensation - ECEC). Employment costs data are available by compensation type as well as industry and occupation characteristic for the U.S.
     
    Source: U.S. Bureau of Labor Statistics (BLS)    		 National
    Data
    Labor Productivity and Costs Program produces quarterly and annual measures of labor productivity and costs (LPC) measures for sectors of the U.S. economy. Output per hour and unit labor costs are available for major sectors (U.S. business, non-farm business, manufacturing sectors) and by industry.
     
    Source: U.S. Bureau of Labor Statistics (BLS)    		 National
    Data

    Tax Revenue & Budget

    Data Tool Description Source Link
    Congressional Budget Office (CBO) Produces independent (nonpartisan) analyses of budgetary and economic issues to support the Congressional budget process.
     
    Source: Congressional Budget Office (CBO)    		 National
    Data
    Internal Revenue Service (IRS) Tax Statistics Provides a wide range of data that describe and measure elements of the U.S. tax system.
     
     
    Source: Internal Revenue Service (IRS)    		 National
    Data
    Minnesota Dept. of Revenue Research & Statistics Provides a wide range of data, reports, and analysis that describe and measure elements of Minnesota's tax system.
     
    Source: Minnesota Department of Revenue    		 Minnesota
    Data
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