All Employees: Professional and Business Services: Management of Companies and Enterprises in North Dakota
SMU38000006055000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
2.04%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of employees in the management of companies and enterprises industry in North Dakota. It provides insight into the state's professional and business services sector, which is an important component of the broader 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: Professional and Business Services: Management of Companies and Enterprises in North Dakota metric tracks the employment levels in this specialized industry, which includes firms that oversee and manage other companies. This data point is used by economists and policymakers to analyze labor market conditions and business activity in the state.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend offers context for understanding broader economic performance and business trends in North Dakota.
Key Facts
- North Dakota has a significant professional and business services sector.
- Employment in the management of companies industry provides insight into corporate activity.
- This metric is tracked by economists to monitor the state's economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the management of companies and enterprises industry in the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the professional and business services sector of North Dakota's economy, which is an important indicator of overall economic performance and business activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this employment trend to analyze labor market conditions and business activity in North Dakota, which informs their understanding of the state's broader economic performance.
Q: Are there update delays or limitations?
A: There may be some delays in the reporting of this data, as it is collected through surveys by government statistical agencies.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Management of Companies and Enterprises in North Dakota (SMU38000006055000001), retrieved from FRED.