All Employees: Non-Durable Goods in South Dakota
SMU46000003200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.10
Year-over-Year Change
22.14%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Non-Durable Goods in South Dakota' series tracks employment levels in the non-durable goods manufacturing sector within South Dakota. This metric is an important indicator of economic activity and manufacturing output in the state.
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 measures the total number of non-farm employees working in non-durable goods manufacturing industries located in South Dakota. Non-durable goods include products that have a lifespan of less than three years, such as food, beverages, and apparel. Monitoring employment trends in this sector provides insights into the overall health of South Dakota's economy.
Methodology
The data is collected through a monthly survey of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the performance of South Dakota's manufacturing industry and the broader state economy.
Key Facts
- South Dakota is a major producer of agricultural and food products.
- Non-durable goods account for over 25% of South Dakota's total manufacturing employment.
- Employment in non-durable goods manufacturing has grown by 8% in South Dakota over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of non-farm employees working in non-durable goods manufacturing industries located in the state of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: Monitoring employment in the non-durable goods manufacturing sector provides insights into the overall health and performance of South Dakota's economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the performance of South Dakota's manufacturing industry and 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.
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Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods in South Dakota (SMU46000003200000001A), retrieved from FRED.