All Employees: Service-Providing in Puerto Rico
Annual, Not Seasonally Adjusted
SMU72000000700000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
830.40
Year-over-Year Change
1.03%
Date Range
1/1/1990 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted number of employees in the Mining, Quarrying, and Oil and Gas Extraction industry in the United States. It is a key indicator of economic activity in the energy and natural resources 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 Annual, Not Seasonally Adjusted employment series for the Mining, Quarrying, and Oil and Gas Extraction industry provides insight into the long-term trends and seasonal patterns of labor demand in this important economic sector. It is used by economists, policymakers, and industry analysts to assess the health and outlook of the U.S. energy and natural resources industries.
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 watched by markets and policymakers as it reflects investment, production, and broader economic conditions in the energy and natural resources sectors.
Key Facts
- The Mining, Quarrying, and Oil and Gas Extraction industry accounts for about 0.5% of total U.S. employment.
- Annual employment in this sector peaked at over 900,000 jobs in 2014.
- Employment levels are influenced by global commodity prices and domestic energy policy.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted number of employees in the Mining, Quarrying, and Oil and Gas Extraction industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides insight into the health and outlook of the U.S. energy and natural resources sectors, which is closely watched by economists, policymakers, and industry analysts.
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 used by policymakers to assess the impact of energy and natural resources policies on the broader economy.
Q: Are there update delays or limitations?
A: There may be update delays of several months, and the data does not account for seasonal variations in employment.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU72000000700000001A), retrieved from FRED.