Production or Nonsupervisory Employees: Mining and Logging in Louisiana
SMU22000001000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.30
Year-over-Year Change
-42.63%
Date Range
1/1/2001 - 1/1/2024
Summary
This trend measures the number of production or nonsupervisory employees in the mining and logging industries in Louisiana. It provides insight into the labor force and economic activity in these important sectors.
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 Production or Nonsupervisory Employees: Mining and Logging in Louisiana indicator tracks the number of workers in these industries, excluding supervisory personnel. It serves as a barometer for the overall health and trends in Louisiana's extractive and natural resource-based economy.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, economists, and industry analysts to assess the economic conditions and outlook for Louisiana's mining and logging sectors.
Key Facts
- Louisiana is a major producer of oil, gas, and other minerals.
- The mining and logging industries are significant employers in the state.
- This metric can signal changes in investment, production, and economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production or nonsupervisory employees in the mining and logging industries in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the labor force and economic activity in Louisiana's important extractive and natural resource-based sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely watched by policymakers, economists, and industry analysts to assess the economic conditions and outlook for Louisiana's mining and logging sectors.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Mining and Logging in Louisiana (SMU22000001000000006A), retrieved from FRED.