Mining Earnings in Maryland
MDEMIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
339,374.00
Year-over-Year Change
27.95%
Date Range
1/1/1998 - 1/1/2025
Summary
The Mining Earnings in Maryland series measures the average weekly earnings in the mining industry for the state of Maryland. This metric is important for economists and policymakers to understand labor market trends and the economic health of the 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 Maryland series tracks the average weekly earnings of workers in the mining industry, which includes activities such as oil and gas extraction, coal mining, and metal ore mining. This data provides insight into the compensation levels and economic conditions within Maryland's mining sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Mining earnings data helps inform policy decisions related to the energy and natural resource industries.
Key Facts
- Mining is a key industry in Maryland's economy.
- Earnings in the mining sector tend to be higher than the state average.
- The mining industry accounts for a small but important share of Maryland's workforce.
FAQs
Q: What does this economic trend measure?
A: The Mining Earnings in Maryland series measures the average weekly earnings of workers in the mining industry for the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and economic performance within Maryland's mining sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Mining earnings data helps inform policy decisions related to the energy and natural resource industries.
Q: Are there update delays or limitations?
A: The Mining Earnings in Maryland data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Mining Earnings in Maryland (MDEMIN), retrieved from FRED.