All Employees: Financial Activities in North Dakota
SMU38000005500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.00
Year-over-Year Change
14.16%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Financial Activities in North Dakota' series measures the total number of financial industry employees in the state. This economic indicator provides insights into the health and growth of North Dakota's financial 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
This series tracks employment in North Dakota's financial activities sector, which includes industries like banking, insurance, and investment services. Analyzing this data helps policymakers and economists understand the state's economic conditions and development.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Financial industry employment is a key metric for evaluating North Dakota's economic performance and competitiveness.
Key Facts
- North Dakota has a large and growing financial services industry.
- Financial activities account for a significant portion of the state's GDP.
- Employment in this sector has been steadily increasing in recent years.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of employees in North Dakota's financial activities sector, including industries like banking, insurance, and investment services.
Q: Why is this trend relevant for users or analysts?
A: Tracking financial industry employment provides insights into the health and growth of North Dakota's economy, which is important for policymakers, businesses, and investors.
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: Financial industry employment is a key metric for evaluating North Dakota's economic performance and competitiveness, which can inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical one-month lag between the reference period and the publication date.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities in North Dakota (SMU38000005500000001A), retrieved from FRED.