All Employees: Mining: Mining (except Oil and Gas) in Alabama
SMU01000001021200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.70
Year-over-Year Change
-31.88%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the mining industry, excluding oil and gas, in the state of Alabama. It provides insight into the labor market and economic activity in this specific 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 All Employees: Mining: Mining (except Oil and Gas) in Alabama data series tracks the total employment levels in the mining industry, excluding oil and gas extraction, within the state of Alabama. This metric is used by economists and policymakers to analyze trends in the state's industrial output and labor market conditions.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the broader economic landscape in Alabama and informing policy decisions related to the mining industry.
Key Facts
- Alabama is a major mining state, contributing significantly to the nation's mineral production.
- The mining industry, excluding oil and gas, employs thousands of workers in Alabama.
- Employment trends in this sector reflect the overall health of the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the mining industry, excluding oil and gas, in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market and economic activity in Alabama's mining sector, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted 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 the state's industrial output and labor market conditions, which can inform policy decisions related to the mining industry.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and potential revisions by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Mining: Mining (except Oil and Gas) in Alabama (SMU01000001021200001A), retrieved from FRED.