All Employees: Administrative and Support and Waste Management and Remediation Services in North Dakota
SMU38000006056000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.10
Year-over-Year Change
-5.76%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the administrative, support, waste management, and remediation services industries in North Dakota. It provides insight into the state's service sector and broader economic activity.
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: Administrative and Support and Waste Management and Remediation Services in North Dakota metric tracks the employment levels in industries that provide a wide range of day-to-day support functions. This data point is useful for analyzing the health and trends within North Dakota's service economy.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend can inform policymakers and analysts about the performance and outlook for North Dakota's service-providing industries.
Key Facts
- North Dakota's administrative and support services employment reached a record high in 2022.
- The sector accounts for over 7% of total nonfarm employment in the state.
- Employment in this industry has grown faster in North Dakota than the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in administrative, support, waste management, and remediation services industries located in North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and performance of North Dakota's service-providing sectors, which are important for understanding the state's broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend can inform policymakers and analysts about the outlook for North Dakota's service-providing industries, which can influence decisions around economic development and workforce policies.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the reference period and when the data is published by the Federal Reserve.
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Citation
U.S. Federal Reserve, All Employees: Administrative and Support and Waste Management and Remediation Services in North Dakota (SMU38000006056000001A), retrieved from FRED.