All Employees: Mining: Support Activities for Mining in Louisiana
SMU22000001021300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
-50.82%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in support activities for mining in Louisiana, providing insight into the state's energy industry workforce.
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: Support Activities for Mining in Louisiana series tracks the number of individuals employed in roles that support the state's mining and extraction industries, such as oil and gas.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists and policymakers to monitor the health and labor trends of Louisiana's energy sector.
Key Facts
- Louisiana is a major energy-producing state.
- Support activities account for a significant portion of mining employment.
- This data provides a timely indicator of the state's energy industry health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals employed in support activities for the mining industry in Louisiana, including roles related to oil and gas extraction.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insight into the health and labor trends of Louisiana's vital energy sector, which is important for economists, policymakers, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to monitor the strength of Louisiana's energy industry and inform economic decisions and policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month lag, providing timely insights into current employment trends.
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Citation
U.S. Federal Reserve, All Employees: Mining: Support Activities for Mining in Louisiana (SMU22000001021300001A), retrieved from FRED.