Quits: Mining and Logging
JTU110099QUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.20
Year-over-Year Change
22.22%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Quits: Mining and Logging' trend measures the number of workers who voluntarily leave jobs in the mining and logging industries. This metric provides insights into labor market dynamics and worker confidence.
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 'Quits: Mining and Logging' series tracks the number of employees who quit their jobs in the mining and logging sectors of the U.S. economy. This data point is a key indicator of worker sentiment and labor market tightness in these industries.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).
Historical Context
Economists and policymakers monitor this trend to gauge employment conditions and worker confidence in the mining and logging sectors.
Key Facts
- The mining and logging industries account for approximately 1% of total U.S. employment.
- Quits rates tend to rise during periods of economic expansion as workers gain confidence in finding new jobs.
- Mining and logging have historically experienced higher quit rates compared to other sectors.
FAQs
Q: What does this economic trend measure?
A: The 'Quits: Mining and Logging' trend measures the number of workers who voluntarily leave their jobs in the mining and logging industries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market dynamics and worker confidence in the mining and logging sectors, which are important for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to gauge employment conditions and worker confidence in the mining and logging industries, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with a typical 1-2 month delay.
Related Trends
Citation
U.S. Federal Reserve, Quits: Mining and Logging (JTU110099QUR), retrieved from FRED.