All Employees: Trade, Transportation, and Utilities in South Dakota
SDTRAD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.90
Year-over-Year Change
-0.54%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Trade, Transportation, and Utilities in South Dakota' series measures the total number of employees in the trade, transportation, and utilities sector within the state of South Dakota. This metric provides insight into the labor market and economic activity in key service industries.
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 series tracks total non-farm employment levels in the trade, transportation, and utilities sector for the state of South Dakota. It is used by economists and policymakers to monitor the health and trends of this important component of the state's economy.
Methodology
The data is collected through monthly surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this series are closely watched by state officials and analysts to gauge the performance of South Dakota's service-oriented industries.
Key Facts
- South Dakota's trade, transportation, and utilities sector accounts for over 20% of total state employment.
- Employment in this sector has grown by 8% in South Dakota over the past 5 years.
- The COVID-19 pandemic led to a 6% decline in sector employment in 2020 before a partial recovery in 2021.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of non-farm employees in the trade, transportation, and utilities sector within the state of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and health of a key service-oriented component of South Dakota's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in this series are closely monitored by state officials and analysts to gauge the economic conditions in South Dakota's service industries.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month lag in release.
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Citation
U.S. Federal Reserve, All Employees: Trade, Transportation, and Utilities in South Dakota (SDTRAD), retrieved from FRED.