All Employees: Mining and Logging in Alabama
SMU01000001000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.40
Year-over-Year Change
-25.40%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Mining and Logging in Alabama' series tracks employment in the mining and logging sector within the state of Alabama. This metric provides insight into the health and activity of these key industries.
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
This series represents the total number of employees working in the mining and logging sectors in Alabama. It is used by economists and policymakers to monitor trends in natural resource extraction and production within the state.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend can inform decisions around energy, infrastructure, and economic development policies in Alabama.
Key Facts
- Mining and logging account for over 25,000 jobs in Alabama.
- Employment in this sector has declined by 10% over the past 5 years.
- Alabama is a leading producer of coal, natural gas, and other minerals.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of employees working in the mining and logging industries within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of key natural resource extraction sectors in Alabama, which is crucial information for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend can inform decisions around energy, infrastructure, and economic development policies in Alabama.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, All Employees: Mining and Logging in Alabama (SMU01000001000000001A), retrieved from FRED.