All Employees: Mining, Logging, and Construction in North Dakota
SMS38000001500000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.40
Year-over-Year Change
-0.21%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend tracks the total number of employees in the mining, logging, and construction industries in North Dakota. It serves as an important indicator of economic activity and labor market conditions in this key sector.
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: Mining, Logging, and Construction in North Dakota metric provides insights into employment levels across a crucial segment of the state's economy. This data is closely monitored by economists and policymakers to assess the health and trajectory of North Dakota's natural resource and infrastructure-related industries.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend offers valuable context for evaluating North Dakota's economic performance and informing relevant policy decisions.
Key Facts
- North Dakota is a major oil and gas producing state.
- The mining, logging, and construction sector accounts for a significant portion of the state's GDP.
- Employment levels in this sector can signal broader economic trends in North Dakota.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the mining, logging, and construction industries in the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and activity of a key sector of North Dakota's economy, which is crucial for understanding 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 and economists closely monitor this employment trend to assess the state of North Dakota's natural resource and infrastructure-related industries, which can inform relevant policy decisions.
Q: Are there update delays or limitations?
A: There may be occasional delays in the release of this data, and the information may not capture all employment in the relevant industries.
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Citation
U.S. Federal Reserve, All Employees: Mining, Logging, and Construction in North Dakota (SMS38000001500000001), retrieved from FRED.