All Employees: Financial Activities: Insurance Carriers and Related Activities in Indiana
Seasonally Adjusted
SMU18000005552400001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.14
Year-over-Year Change
-3.03%
Date Range
1/1/1990 - 7/1/2025
Summary
The Seasonally Adjusted series measures the employment level for Mining and Logging in New Mexico, adjusted to account for typical seasonal patterns. This data is critical for economists and policymakers to analyze labor market trends and the health of 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
The Seasonally Adjusted employment series for Mining and Logging in New Mexico removes regular and predictable variations due to factors like weather, holidays, and other seasonal effects. This allows for a clearer assessment of underlying economic conditions and trends in this important sector.
Methodology
The U.S. Bureau of Labor Statistics collects this data through employer surveys and applies statistical models to adjust for seasonal fluctuations.
Historical Context
Policymakers and analysts monitor this data to gauge the strength of the state's energy and resource extraction industries.
Key Facts
- Mining and Logging account for over 5% of New Mexico's total employment.
- Seasonal adjustments help isolate underlying trends from weather and holiday effects.
- This data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures the employment level for the Mining and Logging sector in New Mexico, with regular seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This data is critical for assessing the health and underlying trends in a key industry for New Mexico's economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through employer surveys and applies statistical models to adjust for seasonal fluctuations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this data to gauge the strength of the state's energy and resource extraction industries.
Q: Are there update delays or limitations?
A: This data is released monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU18000005552400001SA), retrieved from FRED.