All Employees: Mining: Metal Ore Mining in Arizona
SMU04000001021220001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.60
Year-over-Year Change
22.33%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures employment in the metal ore mining industry in Arizona. It provides insight into the economic activity and labor market conditions in this important 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 All Employees: Mining: Metal Ore Mining in Arizona data series tracks the number of people employed in the metal ore mining industry within the state of Arizona. This metric is used by economists and policymakers to assess the health and trends of this key component of the state's economy.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in metal ore mining employment are closely watched as an indicator of Arizona's mining industry performance and broader economic conditions.
Key Facts
- Arizona is a major producer of copper, gold, and other valuable metal ores.
- Metal ore mining is a significant employer in the state, accounting for over 10,000 jobs.
- Employment in this sector has fluctuated with commodity prices and global demand.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of people employed in the metal ore mining industry within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: Changes in metal ore mining employment provide insights into the performance and health of this critical sector of Arizona's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Metal ore mining employment figures are closely monitored by economists and policymakers as an indicator of Arizona's broader economic conditions and the performance of this key industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Mining: Metal Ore Mining in Arizona (SMU04000001021220001A), retrieved from FRED.