Monthly, Seasonally Adjusted
SMU72000007072000008SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.70
Year-over-Year Change
1.16%
Date Range
1/1/2001 - 12/1/2013
Summary
This series measures monthly, seasonally adjusted employment in the Mining and Logging sector in the United States. It is a key indicator of economic activity and labor market conditions in this important industry.
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, Seasonally Adjusted employment series for the Mining and Logging sector provides a timely snapshot of job growth or contraction within this segment of the U.S. economy. Economists and policymakers closely monitor this data to gauge the overall health of the natural resources and extraction industries.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in Mining and Logging employment are relevant for understanding commodity prices, energy policy, and broader macroeconomic conditions.
Key Facts
- Mining and Logging accounts for around 600,000 jobs in the U.S.
- Employment in this sector declined sharply during the 2008-2009 recession.
- The industry has seen volatility in recent years due to fluctuating commodity prices.
FAQs
Q: What does this economic trend measure?
A: This series measures monthly, seasonally adjusted employment in the Mining and Logging sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Trends in Mining and Logging employment provide insight into the health of natural resource industries and broader macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this data to assess the impact of policies on the natural resources and extraction sectors.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU72000007072000008SA), retrieved from FRED.