All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Puerto Rico
Seasonally Adjusted
SMU72000004244100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.34
Year-over-Year Change
0.75%
Date Range
1/1/1990 - 6/1/2025
Summary
The Seasonally Adjusted series measures employment levels in the Mining and Logging sector, adjusting for regular seasonal variations. This metric is crucial for policymakers and analysts to understand broader labor market trends.
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 Seasonally Adjusted employment data for the Mining and Logging sector removes the typical seasonal fluctuations, such as weather patterns or holiday-related hiring. This allows for more accurate identification of underlying economic conditions and labor force changes.
Methodology
The U.S. Bureau of Labor Statistics collects this data through monthly surveys of employers and applies statistical models to adjust for seasonal variations.
Historical Context
Policymakers and economists closely monitor this series to gauge the health of the Mining and Logging industry and its contribution to the broader economy.
Key Facts
- The Mining and Logging sector accounts for approximately 0.5% of total U.S. employment.
- Seasonal adjustments help identify long-term trends and the impact of economic shocks.
- Data is released monthly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures employment levels in the Mining and Logging sector, with adjustments made to account for regular seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and analysts to understand broader labor market trends by removing the effects of typical seasonal fluctuations.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through monthly surveys of employers and applies statistical models to adjust for seasonal variations.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this series to gauge the health of the Mining and Logging industry and its contribution to the broader economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics with minimal delays.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU72000004244100001SA), retrieved from FRED.