Monthly, Seasonally Adjusted
SMU72000008081100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.20
Year-over-Year Change
-6.67%
Date Range
1/1/1990 - 12/1/2013
Summary
This economic indicator measures monthly, seasonally adjusted employment in the mining and logging sector of the U.S. economy. It provides timely insights into the health and trends of this key 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 series for the mining and logging employment sector tracks the number of non-farm payroll jobs in this industry. It is a widely followed metric that offers real-time visibility into labor market conditions and economic performance.
Methodology
The data is collected through a monthly survey of U.S. businesses and government agencies.
Historical Context
Policymakers and analysts use this indicator to assess the strength of the mining and energy sectors and their broader impact on the overall economy.
Key Facts
- Mining and logging sector accounts for over 600,000 U.S. jobs.
- This indicator has shown steady recovery since the COVID-19 recession.
- Fluctuations in this metric can signal changes in energy prices and industrial activity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly, seasonally adjusted number of non-farm payroll jobs in the mining and logging sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides timely insights into the health and performance of a key industry, which can have broader implications for the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of U.S. businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the strength of the mining and energy sectors and their impact on the broader economy.
Q: Are there update delays or limitations?
A: This indicator is published monthly with a typical delay of one to two weeks.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU72000008081100001SA), retrieved from FRED.