All Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Alabama
Monthly, Not Seasonally Adjusted
SMU01000005552200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.30
Year-over-Year Change
-1.06%
Date Range
1/1/1990 - 7/1/2025
Summary
This U.S. economic trend measures the average weekly hours worked in the Mining and Logging industry. It provides insights into labor market conditions and productivity in this critical 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
The Monthly, Not Seasonally Adjusted series for Average Weekly Hours in Mining and Logging is a key indicator of industry activity and labor utilization. It is used by economists and policymakers to assess broader economic trends and the state of the U.S. natural resource extraction industries.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric informs analysis of employment, output, and investment decisions in the energy, mining, and related industries.
Key Facts
- Mining and logging account for over 600,000 U.S. jobs.
- Average weekly hours peaked at 46.4 in November 2014.
- The metric reached a low of 40.7 hours in April 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the U.S. Mining and Logging industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions, productivity, and output in the energy, mining, and natural resource extraction sectors.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator informs analysis of employment, investment, and economic conditions in the mining and energy industries, which are crucial for policymakers.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions over time.
Similar SMU Trends
Chain-Type Quantity Index for Real GDP: Farms (111-112) in Alabama
ALFARMQGSP
All Employees: Manufacturing: Non-Durable Goods: Animal Slaughtering and Processing in Alabama
SMU01000003231160001SA
Arts, Entertainment and Recreation Wages and Salaries in Alabama
ALWART
Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Alabama
ALRENTNGSP
Housing Inventory: Price Reduced Count Month-Over-Month in Alabama
PRIREDCOUMMAL
Electric Power Carbon Dioxide Emissions, Natural Gas for Alabama
EMISSCO2TOTVECNGALA
Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU01000005552200001), retrieved from FRED.