All Employees: Goods Producing in North Dakota
SMS38000000600000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.50
Year-over-Year Change
-0.52%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Goods Producing in North Dakota' trend measures employment in the goods-producing sector of North Dakota's economy. This metric is important for analyzing the state's economic health and industrial production.
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 tracks the total number of employees working in North Dakota's goods-producing industries, which include manufacturing, construction, mining, and logging. It provides insights into the production-oriented segments of the state's economy.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use this metric to assess economic conditions and make informed decisions.
Key Facts
- North Dakota is a major agricultural and energy-producing state.
- The goods-producing sector accounts for a significant portion of the state's economy.
- Employment in this sector can be a leading indicator of economic growth or recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in North Dakota's goods-producing industries, which include manufacturing, construction, mining, and logging.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the production-oriented segments of North Dakota's economy, which are crucial for assessing the state's economic health and industrial activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze economic conditions and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential revisions common to government statistical releases.
Related Trends
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Gross Domestic Product: Finance and Insurance (52) in North Dakota
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Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in North Dakota
SMU38000004000000011
Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in North Dakota
NDCPUELCPMANRGSP
Average Weekly Earnings of Production Employees: Manufacturing in North Dakota
SMU38000003000000030
Citation
U.S. Federal Reserve, All Employees: Goods Producing in North Dakota (SMS38000000600000001), retrieved from FRED.