All Employees: Mining and Logging in Utah
SMU49000001000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.50
Year-over-Year Change
-8.73%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the mining and logging industries in the state of Utah. It is a key indicator of economic activity and labor market conditions in Utah's natural resource extraction 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 All Employees: Mining and Logging in Utah series measures the total number of workers employed in the mining and logging industries across the state. This data provides insights into the scale and trends of Utah's natural resource-based economic sectors, which are important contributors to the state's GDP and employment.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health and outlook of Utah's mining and logging industries, which can have significant implications for the broader state economy.
Key Facts
- Utah is a major producer of coal, natural gas, and other minerals.
- The mining and logging industries account for over 20,000 jobs in Utah.
- Employment in these sectors has fluctuated with commodity prices and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the mining and logging industries across the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the scale and performance of Utah's natural resource extraction sectors, which are key contributors to the state's economy.
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: Policymakers and analysts use this trend to assess the health and outlook of Utah's mining and logging industries, which can have significant implications for the broader state economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
Related Trends
Chain-Type Quantity Index for Real GDP: Natural Resources and Mining (11, 21) in Utah
UTNATRESMINQGSP
Gross Domestic Product: Support Activities for Mining (213) in Utah
UTSAMINNGSP
Gross Domestic Product: Private Goods-Producing Industries in Utah
UTPRIGOODPRONGSP
Information Wages and Salaries in Utah
UTWINF
All Employees: Education and Health Services: Nursing and Residential Care Facilities in Utah
SMU49000006562300001
Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Utah
UTAPPLEATHMANNGSP
Citation
U.S. Federal Reserve, All Employees: Mining and Logging in Utah (SMU49000001000000001A), retrieved from FRED.