All Employees: Mining, Logging, and Construction in Arizona
SMU04000001500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
239.50
Year-over-Year Change
87.70%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Mining, Logging, and Construction in Arizona' trend measures employment in the mining, logging, and construction industries in the state of Arizona. This data is closely watched by economists and policymakers to gauge economic activity and labor market trends.
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 economic indicator tracks the total number of people employed in the mining, logging, and construction sectors within the state of Arizona. It provides insights into the health and growth of key industries that drive economic output and investment.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The trend is used by analysts to assess the strength of Arizona's economy and inform policy decisions related to infrastructure, natural resource development, and workforce development.
Key Facts
- Arizona's mining, logging, and construction sector employs over 200,000 workers.
- This industry accounts for approximately 10% of the state's total nonfarm employment.
- Employment in this sector has grown by 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Mining, Logging, and Construction in Arizona' trend measures the total number of people employed in the mining, logging, and construction industries within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and growth of key industries that drive economic activity and investment in Arizona, making it an important indicator for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to assess the strength of Arizona's economy and inform decisions related to infrastructure, natural resource development, and workforce development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 week delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Mining, Logging, and Construction in Arizona (SMU04000001500000001A), retrieved from FRED.