Employed full time: Wage and salary workers: Derrick, rotary drill, and service unit operators, oil, gas, and mining occupations: 16 years and over
LEU0254508300A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
-34.38%
Date Range
1/1/2000 - 1/1/2024
Summary
Tracks employment levels for derrick, rotary drill, and service unit operators in oil, gas, and mining sectors. Provides critical insight into energy industry workforce dynamics.
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 employment metric measures full-time workers in specialized oil and gas extraction occupations. It reflects industry health and labor market conditions in energy sectors.
Methodology
Data collected through Bureau of Labor Statistics household and establishment surveys.
Historical Context
Used by policymakers and energy industry analysts to assess workforce trends.
Key Facts
- Reflects specialized energy sector employment
- Indicates oil and gas industry workforce health
- Tracks full-time workers aged 16 and over
FAQs
Q: What does this employment series measure?
A: It tracks full-time employment of derrick, rotary drill, and service unit operators in oil, gas, and mining industries.
Q: Why is this employment data important?
A: It provides insights into energy sector labor market conditions and industry workforce stability.
Q: How often is this data updated?
A: Typically updated monthly by the Bureau of Labor Statistics.
Q: What industries does this cover?
A: Specifically covers oil, gas, and mining extraction occupations for full-time workers.
Q: Can this data predict energy industry trends?
A: It can indicate potential shifts in energy sector employment and economic activity.
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Citation
U.S. Federal Reserve, Derrick and Drill Operators Employment (LEU0254508300A), retrieved from FRED.