Annual, Not Seasonally Adjusted
SMU72000005552400030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
538.66
Year-over-Year Change
13.00%
Date Range
1/1/2001 - 1/1/2012
Summary
This economic trend measures the annual average, not seasonally adjusted, earnings of employees in the mining and logging industry in the United States. It provides insights into the compensation trends in this crucial sector of the 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
The Annual, Not Seasonally Adjusted series for mining and logging industry earnings is an important indicator of labor market conditions and income levels in this significant part of the U.S. economy. It helps economists and policymakers understand wage dynamics and the overall state of the mining and extraction industries.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, investors, and policymakers to analyze labor market conditions and inform economic and industry-specific policy decisions.
Key Facts
- The mining and logging industry is a significant contributor to the U.S. economy.
- Wages in this sector can be an indicator of broader economic conditions.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average, not seasonally adjusted, earnings of employees in the mining and logging industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the compensation trends in the crucial mining and logging sector, helping economists and policymakers understand wage dynamics and the overall state of the industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists, investors, and policymakers to analyze labor market conditions and inform economic and industry-specific policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU72000005552400030A), retrieved from FRED.