Seasonally Adjusted
SMU72000003132700006SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
0.00%
Date Range
1/1/2001 - 12/1/2017
Summary
The Seasonally Adjusted series measures the monthly employment level in the Mining and Logging sector, with adjustments to account for typical seasonal variations.
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
This seasonally adjusted data series provides a more accurate representation of underlying employment trends by removing predictable, recurring fluctuations. It is a key indicator used by economists and policymakers to assess the health of the U.S. labor market.
Methodology
The U.S. Bureau of Labor Statistics collects this data through monthly surveys and applies statistical techniques to adjust for seasonal patterns.
Historical Context
Analysts and policymakers monitor this series to understand broader shifts in the mining and logging industries and their impact on the overall economy.
Key Facts
- The mining and logging sector accounts for approximately 600,000 jobs in the U.S.
- Seasonal adjustments help identify true economic trends by removing predictable fluctuations.
- Employment in this sector is closely tied to global commodity prices and energy demand.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures the monthly employment level in the Mining and Logging sector, with adjustments to account for typical seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This seasonally adjusted data provides a more accurate representation of underlying employment trends, which is crucial for economists and policymakers assessing the health of the U.S. labor market.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through monthly surveys and applies statistical techniques to adjust for seasonal patterns.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this series to understand broader shifts in the mining and logging industries and their impact on the overall economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-month delay to allow for seasonal adjustments and quality control.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU72000003132700006SA), retrieved from FRED.