Employed Persons in North Dakota
LAUST380000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
415,427.00
Year-over-Year Change
7.64%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Employed Persons in North Dakota' metric tracks the total number of employed individuals in the state of North Dakota. This key statistic provides insights into the strength and dynamics of the state's labor market.
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
This data series represents the total number of people employed in North Dakota, including both wage and salary workers as well as self-employed individuals. It is an important indicator of overall economic activity and employment trends in the state.
Methodology
The data is collected through the Current Population Survey (CPS), a joint effort between the U.S. Census Bureau and the Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor North Dakota employment figures to assess the health of the state's economy and make informed decisions.
Key Facts
- North Dakota has one of the highest employment rates in the United States.
- The energy and agriculture sectors are major drivers of employment in the state.
- Unemployment in North Dakota is consistently lower than the national average.
FAQs
Q: What does this economic trend measure?
A: The 'Employed Persons in North Dakota' metric tracks the total number of employed individuals in the state, including both wage and salary workers as well as self-employed individuals.
Q: Why is this trend relevant for users or analysts?
A: This data is a key indicator of the overall strength and dynamics of North Dakota's labor market, providing insights that are valuable for policymakers, economists, and those analyzing the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a joint effort between the U.S. Census Bureau and the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor North Dakota employment figures to assess the health of the state's economy and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The employment data for North Dakota is published monthly, with a typical delay of around one month from the reference period.
Related Trends
Average Weekly Earnings of All Employees: Manufacturing in North Dakota
SMU38000003000000011A
All Employees: Retail Trade: General Merchandise Retailers in North Dakota
SMU38000004245500001
Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in North Dakota
NDRENTRGSP
High School Graduate or Higher for North Dakota
GCT1501ND
Average Weekly Earnings of All Employees: Other Services in North Dakota
SMU38000008000000011
Value of Exports to Norway from North Dakota
NDNORA052SCEN
Citation
U.S. Federal Reserve, Employed Persons in North Dakota (LAUST380000000000005A), retrieved from FRED.