Quarterly, Not Seasonally Adjusted
LREM55FEO1Q156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.20
Year-over-Year Change
6.10%
Date Range
1/1/2005 - 4/1/2017
Summary
This economic trend measures the employment level for the Mining and Logging industry in the United States. It is a key indicator of labor market conditions and economic activity in the natural resource extraction 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 Quarterly, Not Seasonally Adjusted employment level for the Mining and Logging industry provides a snapshot of staffing levels in this sector of the U.S. economy. It is used by economists and policymakers to analyze trends in natural resource extraction and production.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator informs analysis of economic performance and helps guide policy decisions related to the energy, mining, and natural resource industries.
Key Facts
- Mining and Logging industry employed over 700,000 workers in the U.S. as of 2022.
- Employment in this sector has declined by 25% since 2014.
- Mining and Logging accounts for less than 1% of total U.S. nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment level for the Mining and Logging industry in the United States, providing insights into labor market conditions in the natural resource extraction sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for understanding economic performance and informing policy decisions related to the energy, mining, and natural resource industries.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze trends in natural resource extraction and production, which informs policy decisions related to the energy, mining, and natural resource industries.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of several weeks after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LREM55FEO1Q156N), retrieved from FRED.