All Employees: Mining and Logging in Maryland
SMU24000001000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.60
Year-over-Year Change
6.67%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Mining and Logging in Maryland' trend measures the total number of workers employed in the mining and logging industries in the state of Maryland. This metric is valuable for economists and policymakers to gauge the health and dynamics of Maryland's natural resource-based sectors.
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 tracks total employment in industries such as oil and gas extraction, coal mining, and forestry operations within the state of Maryland. It provides insights into the labor force and economic activity of these vital natural resource industries at the state level.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this trend can inform economic and energy policy decisions affecting Maryland's resource-dependent industries.
Key Facts
- Maryland has a long history of mining and logging industries.
- Mining and logging account for a small but vital portion of Maryland's economy.
- Employment in these sectors can be sensitive to commodity prices and environmental regulations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the mining and logging industries in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: Monitoring employment in Maryland's mining and logging sectors provides insights into the health and dynamics of the state's natural resource-based industries, which can inform economic and policy decisions.
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: Trends in mining and logging employment in Maryland can inform economic and energy policy decisions affecting these resource-dependent industries.
Q: Are there update delays or limitations?
A: There may be some delays in the reporting of this data, and the series may not capture all informal or seasonal employment in these sectors.
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Citation
U.S. Federal Reserve, All Employees: Mining and Logging in Maryland (SMU24000001000000001A), retrieved from FRED.