Mining Earnings in Alabama
ALEMIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,032,458.00
Year-over-Year Change
24.11%
Date Range
1/1/1998 - 1/1/2025
Summary
The Mining Earnings in Alabama trend measures the average weekly earnings of employees in the mining industry within the state of Alabama. This metric is important for economists and policymakers to understand the health and competitiveness of Alabama's mining 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 Mining Earnings in Alabama series tracks the average weekly pay for workers in the mining industry, which includes activities such as oil and gas extraction, coal mining, and mineral mining. This data provides insights into the compensation levels and economic conditions in Alabama's natural resource extraction industries.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Mining earnings data is used by analysts to evaluate the economic performance and competitiveness of Alabama's mining industries.
Key Facts
- Alabama is one of the top coal-producing states in the U.S.
- Mining accounts for over 1% of Alabama's total employment.
- Average weekly mining earnings in Alabama exceed the statewide average.
FAQs
Q: What does this economic trend measure?
A: The Mining Earnings in Alabama trend measures the average weekly earnings of workers employed in the mining industry within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the compensation levels and economic conditions in Alabama's natural resource extraction industries, which are important to the state's economy.
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: Mining earnings data is used by analysts to evaluate the economic performance and competitiveness of Alabama's mining industries, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be some delay in the release of the latest data, as it is collected through employer surveys.
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Citation
U.S. Federal Reserve, Mining Earnings in Alabama (ALEMIN), retrieved from FRED.