Annual, Not Seasonally Adjusted
SMU72000006562000008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.64
Year-over-Year Change
55.61%
Date Range
1/1/2001 - 1/1/2012
Summary
This economic trend measures the annual, not seasonally adjusted employment level in the Mining and Logging industry in the United States. It provides insights into labor market dynamics in this important 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 Annual, Not Seasonally Adjusted employment level for the Mining and Logging industry tracks the total number of people employed in this sector over a 12-month period. This metric is widely used by economists and policymakers to analyze broader employment trends and assess the health of the domestic energy and natural resource extraction industries.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by the Federal Reserve and other government agencies to inform macroeconomic policy decisions.
Key Facts
- Mining and Logging industry employed over 600,000 workers in 2022.
- Employment in this sector has declined by 25% since 2014.
- The industry accounts for approximately 0.4% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted employment level in the Mining and Logging industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market dynamics and the health of the domestic energy and natural resource extraction industries, which are closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by the Federal Reserve and other government agencies to inform macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU72000006562000008A), retrieved from FRED.