All Employees: Other Services in North Dakota
NDSRVON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.20
Year-over-Year Change
-0.65%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Other Services in North Dakota' trend measures the total number of employees in the 'Other Services' industry sector in the state of North Dakota. This provides insight into the health and growth of this important component of the state's 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 'Other Services' industry sector includes establishments that provide services not classified elsewhere, such as personal care, death care, and repair and maintenance services. This employment trend is a key economic indicator for understanding the dynamics of North Dakota's service-providing industries.
Methodology
This data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the performance and trajectory of North Dakota's service economy.
Key Facts
- North Dakota is a major oil and agriculture producer, but its service sector is also an important economic driver.
- The 'Other Services' sector includes businesses like auto repair shops, hair salons, and funeral homes.
- Employment in this sector has grown steadily in North Dakota in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the 'Other Services' industry sector in the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and growth of an important component of North Dakota's service-providing economy.
Q: How is this data collected or calculated?
A: This data is collected through 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 trend to assess the performance and trajectory of North Dakota's service economy.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay, and may be subject to revisions by the source agency.
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Citation
U.S. Federal Reserve, All Employees: Other Services in North Dakota (NDSRVON), retrieved from FRED.