All Employees: Construction: Specialty Trade Contractors in Puerto Rico
Monthly, Seasonally Adjusted
SMU72000002023800001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.94
Year-over-Year Change
7.80%
Date Range
1/1/2003 - 6/1/2025
Summary
This economic indicator measures monthly, seasonally adjusted employment in the Mining, Quarrying, and Oil and Gas Extraction industry in the United States. It provides insight into the health and performance of this critical sector.
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, Seasonally Adjusted employment trend for the Mining, Quarrying, and Oil and Gas Extraction industry is a key economic indicator used to analyze labor market conditions and productivity in this important industrial segment.
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 policymakers, analysts, and industry participants to gauge the strength of the U.S. energy and resources sectors.
Key Facts
- The Mining, Quarrying, and Oil and Gas Extraction industry employs over 600,000 workers in the U.S.
- Employment in this sector declined sharply during the COVID-19 pandemic but has been recovering.
- This industry accounts for approximately 0.4% of total U.S. non-farm employment.
FAQs
Q: What does this economic trend measure?
A: This indicator measures monthly, seasonally adjusted employment levels 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 important insights into the performance and health of a critical sector of the U.S. economy, with significant implications for energy, natural resource, and economic policy.
Q: How is this data collected or calculated?
A: The data is collected through monthly 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, economists, and industry participants to gauge the strength of the U.S. energy and natural resources sectors and inform related economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
Related Trends
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All Employees: Wholesale Trade in Puerto Rico
SMU72000004100000001
All Employees: Private Service Providing in Puerto Rico
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All Employees: Educational Services: Colleges, Universities, and Professional Schools in Puerto Rico
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Average Weekly Earnings of All Employees: Total Private in Puerto Rico
SMU72000000500000011A
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SMS72000006500000001
Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU72000002023800001SA), retrieved from FRED.