Seasonally Adjusted
SMU24000006562210001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.45
Year-over-Year Change
1.57%
Date Range
1/1/1990 - 12/1/2023
Summary
The Seasonally Adjusted series measures employment levels in the U.S. mining and logging sector, providing critical insights into broader economic 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 data series adjusts employment figures to account for regular seasonal variations, enabling economists and policymakers to better analyze underlying changes in the labor market.
Methodology
The data is collected through surveys of business establishments and adjusted using statistical models.
Historical Context
Seasonally adjusted employment data is widely used to inform economic policy decisions and market analysis.
Key Facts
- Mining and logging employment accounts for around 0.5% of total U.S. nonfarm employment.
- Seasonal adjustments help identify true economic signals amid regular fluctuations.
- Seasonally adjusted data is a key input for the Federal Reserve's policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures employment levels in the U.S. mining and logging sector, adjusting for regular seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Seasonally adjusted employment data provides crucial insights into underlying labor market trends, informing economic policy and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments and adjusted using statistical models to account for seasonal patterns.
Q: How is this trend used in economic policy?
A: Seasonally adjusted employment figures are a key input for the Federal Reserve's policy decisions and are widely used by economists and market analysts.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU24000006562210001SA), retrieved from FRED.