Monthly, Seasonally Adjusted
SMU15000004244800001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.58
Year-over-Year Change
10.16%
Date Range
1/1/1990 - 12/1/2021
Summary
The Monthly, Seasonally Adjusted series measures employment in the Mining and Logging sector in the United States. This key economic indicator provides insights into the labor market and broader economic trends.
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, Seasonally Adjusted series tracks the number of employees in the Mining and Logging industry, which includes activities such as oil and gas extraction, coal mining, and logging. This data is used by economists and policymakers to assess the health of the labor market and the overall economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The Mining and Logging employment trend is closely watched by market analysts and policymakers as an indicator of economic activity and investment.
Key Facts
- The Mining and Logging sector accounts for approximately 0.5% of total U.S. employment.
- Employment in this sector has declined by 20% since 2015 due to automation and low commodity prices.
- The Mining and Logging industry is a leading indicator of broader economic trends.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted series tracks the number of employees in the Mining and Logging industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health of the labor market and the broader economy, as the Mining and Logging sector is a leading indicator of economic activity.
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 market analysts closely monitor the Mining and Logging employment trend as an indicator of investment, production, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU15000004244800001SA), retrieved from FRED.