Monthly, Seasonally Adjusted
SMU72000005552000008SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.20
Year-over-Year Change
-2.94%
Date Range
1/1/2001 - 12/1/2013
Summary
The 'Monthly, Seasonally Adjusted' economic trend measures employment levels in the Mining and Logging sector in the United States. This metric is closely watched by economists and policymakers as a key indicator of the health of the broader economy.
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 series tracks the total number of non-farm jobs in the Mining and Logging industry on a monthly basis, with seasonal adjustments to account for regular fluctuations. It provides important insights into broader trends in the domestic energy and natural resource sectors.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in Mining and Logging employment are closely monitored by the Federal Reserve and other agencies to assess the impact on overall economic growth and make informed policy decisions.
Key Facts
- The Mining and Logging sector accounts for approximately 0.5% of total U.S. non-farm employment.
- Employment in this sector has been declining over the past decade due to automation and shifts in energy production.
- Monthly employment figures are released on the first Friday of each month as part of the broader Jobs Report.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly, Seasonally Adjusted' trend measures the total number of non-farm jobs in the Mining and Logging industry in the United States on a monthly basis, with adjustments made to account for regular seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health of the domestic energy and natural resource sectors, which are closely watched by economists, policymakers, and market 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: Changes in Mining and Logging employment are closely monitored by the Federal Reserve and other agencies to assess the impact on overall economic growth and make informed policy decisions.
Q: Are there update delays or limitations?
A: The data is released on the first Friday of each month as part of the broader Jobs Report, with no significant update delays.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU72000005552000008SA), retrieved from FRED.