All Employees: Retail Trade in North Dakota
SMU38000004200000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.30
Year-over-Year Change
1.31%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'All Employees: Retail Trade in North Dakota' series measures the total number of people employed in the retail trade industry within the state of North Dakota. This metric is a key indicator of economic activity and consumer spending trends in the region.
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 data series tracks employment levels in North Dakota's retail sector, which includes businesses engaged in selling merchandise and providing services directly to consumers. Analysts use this information to assess the overall health and performance of the state's consumer-driven economy.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this retail employment trend to inform decisions about fiscal, monetary, and economic development policies.
Key Facts
- North Dakota has a population of around 779,000 as of 2021.
- Retail trade is a major industry in the state, comprising over 10% of total employment.
- Retail jobs in North Dakota pay an average annual wage of $31,700.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Retail Trade in North Dakota' series tracks the total number of people employed in the retail industry within the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of consumer spending and overall economic activity in North Dakota. Monitoring retail employment helps policymakers and economists assess the health of the state's consumer-driven economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this retail employment data to inform decisions about fiscal, monetary, and economic development policies in North Dakota.
Q: Are there update delays or limitations?
A: The retail employment data for North Dakota is published monthly with a typical 1-2 month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade in North Dakota (SMU38000004200000001), retrieved from FRED.