All Employees: Manufacturing: Durable Goods in North Dakota
SMS38000003100000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.00
Year-over-Year Change
-1.64%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Manufacturing: Durable Goods in North Dakota' trend measures the total number of manufacturing jobs in the durable goods sector across the state of North Dakota. This key economic indicator provides insights into the health and activity of the state's manufacturing industry.
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 the total number of non-farm payroll employees in the durable goods manufacturing sector in North Dakota. Durable goods are products designed to last three years or more, such as automobiles, appliances, and machinery. Monitoring this trend helps economists and policymakers gauge the strength of North Dakota's industrial base and overall economic conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in durable goods manufacturing employment are closely watched by economists, investors, and policymakers as an indicator of broader economic activity and industrial output.
Key Facts
- North Dakota has a significant manufacturing sector, accounting for over 7% of the state's GDP.
- Durable goods manufacturing represents around 40% of North Dakota's total manufacturing employment.
- Manufacturing job growth in North Dakota has outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of non-farm payroll employees in the durable goods manufacturing sector across the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: Monitoring trends in durable goods manufacturing employment provides insights into the strength of North Dakota's industrial base and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in durable goods manufacturing employment are closely watched by economists, investors, and policymakers as an indicator of broader economic activity and industrial output.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods in North Dakota (SMS38000003100000001), retrieved from FRED.