All Employees: Professional and Business Services: Legal Services in District of Columbia
Seasonally Adjusted
SMU11000006054110001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.43
Year-over-Year Change
3.04%
Date Range
1/1/1990 - 7/1/2025
Summary
The Seasonally Adjusted series measures the number of jobs in the Mining and Logging sector in California, adjusted for typical seasonal variations. This data is critical for understanding underlying employment trends in the state's resource extraction 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
The Seasonally Adjusted series provides a more accurate representation of employment changes in the Mining and Logging sector by accounting for predictable seasonal fluctuations, such as hiring patterns related to weather or production cycles. This allows analysts to identify fundamental shifts in the labor market independent of normal seasonal factors.
Methodology
The data is collected through surveys of business establishments and adjusted using statistical models to remove seasonal effects.
Historical Context
Policymakers and economists use this indicator to gauge the health and trajectory of California's resource extraction industries.
Key Facts
- California is a major producer of oil, gas, and minerals.
- The Mining and Logging sector accounts for over 25,000 jobs in the state.
- Employment in this sector can fluctuate significantly due to seasonal factors.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures employment in the Mining and Logging sector in California, with seasonal variations removed to reveal underlying trends.
Q: Why is this trend relevant for users or analysts?
A: This data is critical for understanding the health and trajectory of California's resource extraction industries, which are important contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments and adjusted using statistical models to remove seasonal effects.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to gauge the strength of California's resource extraction industries and inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU11000006054110001SA), retrieved from FRED.