Monthly, Seasonally Adjusted
SMU72000007072259001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.70
Year-over-Year Change
0.99%
Date Range
1/1/2003 - 12/1/2013
Summary
The Monthly, Seasonally Adjusted trend measures the number of manufacturing employees in the Mining and Logging sector in California. This metric is a key indicator of economic activity and labor market trends in the state.
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 series tracks the total number of workers employed in the Mining and Logging industry within California on a monthly basis. This data point provides insight into the health and dynamics of the state's resource extraction and related activities.
Methodology
This data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the performance and outlook of California's natural resource industries.
Key Facts
- California is a major producer of oil, gas, and minerals.
- Mining and logging account for over 25,000 jobs in the state.
- This industry has seen modest growth in recent years.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted series tracks the total number of workers employed in the Mining and Logging industry within California.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and dynamics of California's natural resource extraction activities, which is important for understanding the state's overall economic performance.
Q: How is this data collected or calculated?
A: This data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the performance and outlook of California's natural resource industries, which can inform economic and regulatory decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU72000007072259001SA), retrieved from FRED.