Monthly, Not Seasonally Adjusted
SMU72000005051100001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
0.00%
Date Range
1/1/1990 - 12/1/2022
Summary
This economic trend measures monthly, not seasonally adjusted employment in the mining and logging industry in the United States. It provides insights into the labor dynamics of this key economic 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, Not Seasonally Adjusted employment data for the mining and logging industry tracks the number of workers employed in this sector on a monthly basis without adjusting for seasonal fluctuations. This metric offers a granular view of labor market trends in a vital component of the U.S. economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by policymakers, industry analysts, and investors to gauge the health of the mining and logging sector.
Key Facts
- Mining and logging account for approximately 1% of total U.S. employment.
- Employment in this sector is highly sensitive to commodity prices and economic conditions.
- The data is released monthly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly, non-seasonally adjusted employment in the mining and logging industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market dynamics in a critical economic sector, helping policymakers, industry analysts, and investors assess the health of the mining and logging industry.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely watched by policymakers to gauge the strength of the mining and logging sector and its potential impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, providing timely insights into this economic sector.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU72000005051100001), retrieved from FRED.