All Employees: Service-Providing in North Dakota
SMS38000000700000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
374.60
Year-over-Year Change
1.30%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of service-providing employees in North Dakota. It provides important insights into the state's labor market and economic activity.
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 All Employees: Service-Providing in North Dakota data series tracks the total employment in service-providing industries within the state. This metric is a key indicator of the overall health and trends in North Dakota's service sector.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is widely used by economists, policymakers, and businesses to assess the strength of North Dakota's economy.
Key Facts
- North Dakota has a large and growing service sector.
- Service-providing jobs account for over 80% of total employment in the state.
- The service sector has been a key driver of North Dakota's economic expansion in recent years.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Service-Providing in North Dakota metric tracks the total number of jobs in service-providing industries within the state, such as trade, transportation, utilities, information, financial activities, professional services, and government.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides valuable insights into the strength and direction of North Dakota's service sector, which is a critical component of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this trend to assess the health of North Dakota's labor market and inform decisions related to economic development, workforce planning, and investment strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of around one month between the reference period and the publication date.
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Citation
U.S. Federal Reserve, All Employees: Service-Providing in North Dakota (SMS38000000700000001), retrieved from FRED.