Monthly, Not Seasonally Adjusted
SMU17000004245100001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.00
Year-over-Year Change
-0.50%
Date Range
1/1/1990 - 12/1/2022
Summary
This economic trend measures the monthly employment level in the Mining sector for the United States, without seasonal adjustments. It provides important insights into the labor market and economic conditions in the mining industry.
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 employment data for the Mining sector tracks the total number of people employed in mining-related activities across the country. This unadjusted figure is a valuable complement to the seasonally adjusted data, offering a more raw view of employment trends in this critical industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, analysts, and industry participants to assess the health and trajectory of the mining sector within the broader economy.
Key Facts
- The mining sector accounts for approximately 0.5% of total U.S. employment.
- Mining employment has declined by over 30% since its peak in 2014.
- The COVID-19 pandemic led to a sharp drop in mining jobs in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly employment level in the Mining sector for the United States, without any seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The unadjusted mining employment data provides important insights into the labor market and economic conditions in this critical industry, complementing the seasonally adjusted figures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by policymakers, analysts, and industry participants to assess the health and trajectory of the mining sector within the broader economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU17000004245100001), retrieved from FRED.