All Employees: Durable Goods: Machinery Manufacturing in North Dakota
This dataset tracks all employees: durable goods: machinery manufacturing in north dakota over time.
Latest Value
6.30
Year-over-Year Change
5.00%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the machinery manufacturing industry in North Dakota, a key indicator of industrial activity and economic conditions 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
The All Employees: Durable Goods: Machinery Manufacturing in North Dakota metric tracks monthly employment levels in the machinery manufacturing sector, which produces a wide range of industrial and commercial equipment. This data provides insight into the strength of North Dakota's manufacturing and industrial base.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health of North Dakota's economy and guide decisions on industrial development, trade, and workforce policies.
Key Facts
- North Dakota is a major agricultural and energy-producing state.
- Machinery manufacturing is a crucial industry in the state's economy.
- Employment data can signal changes in industrial activity and investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the machinery manufacturing industry in North Dakota, providing insight into the state's industrial activity and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: This data is important for policymakers, economists, and businesses to assess the strength of North Dakota's manufacturing sector and guide decisions on industrial development, trade, and workforce policies.
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: Policymakers and analysts use this trend to monitor the health of North Dakota's economy and inform decisions on industrial development, trade, and workforce policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Machinery Manufacturing in North Dakota (SMU38000003133300001A), retrieved from FRED.