All Employees: Manufacturing: Durable Goods in South Dakota
SMS46000003100000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.60
Year-over-Year Change
-1.08%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the manufacturing sector of durable goods industries in the state of South Dakota. It provides insight into the health and output of this key component of the state's economy.
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: Manufacturing: Durable Goods in South Dakota metric tracks employment levels in durable goods manufacturing across the state. This serves as an important indicator of production capacity, economic diversification, and overall business conditions.
Methodology
The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the South Dakota manufacturing sector's performance and its impact on the broader state economy.
Key Facts
- South Dakota has a diverse manufacturing base, including aerospace, agricultural equipment, and medical devices.
- Durable goods production accounts for over one-third of total manufacturing employment in the state.
- Manufacturing contributes approximately 10% to South Dakota's overall GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the durable goods manufacturing sector across the state of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and output of a key component of South Dakota's economy, serving as an important indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the performance of South Dakota's manufacturing sector and its impact on the broader state economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months between the reference period and the publication date.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods in South Dakota (SMS46000003100000001), retrieved from FRED.