Employment Level for South Dakota
EMPLOYSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
484,900.00
Year-over-Year Change
5.87%
Date Range
10/1/2003 - 7/1/2024
Summary
The Employment Level for South Dakota measures the total number of employed persons in the state. This key economic indicator provides insights into the overall strength of the state's labor market and 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 Employment Level for South Dakota is a monthly data series that tracks the total number of employed individuals in the state. It is a widely-used metric for assessing the health and performance of the state's job market and broader economic conditions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to gauge the state's economic trajectory and inform policy decisions.
Key Facts
- South Dakota's employment level reached a record high in 2022.
- The state's unemployment rate is consistently below the national average.
- The manufacturing and agriculture sectors are major drivers of employment in South Dakota.
FAQs
Q: What does this economic trend measure?
A: The Employment Level for South Dakota measures the total number of employed persons in the state, providing insights into the overall strength of the state's labor market.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the state's economic performance and is closely monitored by policymakers, businesses, and economists to assess the health of South Dakota's job market and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to gauge the state's economic trajectory and inform policy decisions related to employment, workforce development, and economic growth.
Q: Are there update delays or limitations?
A: The Employment Level for South Dakota data is released monthly, with a typical delay of one to two months from the reference period.
Related Trends
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Housing Inventory: Active Listing Count Month-Over-Month in South Dakota
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Number of Civilians Unemployed for 15 Weeks or Longer for South Dakota
UNEMP15SD
Gross Domestic Product: Paper Manufacturing (322) in South Dakota
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Monthly State Retail Sales: Motor Vehicle and Parts Dealers in South Dakota
MSRSSD441
Business Applications for South Dakota
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Citation
U.S. Federal Reserve, Employment Level for South Dakota (EMPLOYSD), retrieved from FRED.