All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in North Dakota
SMS38000006056000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.60
Year-over-Year Change
-5.26%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of all employees in the administrative and support and waste management and remediation services industry in North Dakota. It provides insight into the state's professional and business services 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: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in North Dakota metric tracks employment levels in this key industry, which includes a range of support services for businesses and organizations. This data helps analyze trends in North Dakota's service-providing economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used by economists, policymakers, and businesses to assess the strength of North Dakota's professional and administrative services industry.
Key Facts
- North Dakota's administrative and support services industry employs over 31,000 workers.
- Employment in this sector has grown by 20% over the past 5 years.
- The industry accounts for 8% of total nonfarm employment in North Dakota.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the administrative and support and waste management and remediation services industry in the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength and growth of North Dakota's professional and business services sector, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and businesses use this employment trend to assess the health and outlook of North Dakota's administrative and professional services industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag between the reference period and release date.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in North Dakota (SMS38000006056000001), retrieved from FRED.