All Employees: Construction: Foundation, Structure, and Building Exterior Contractors in Minnesota
Monthly, Seasonally Adjusted
SMU27000002023810001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.44
Year-over-Year Change
7.25%
Date Range
1/1/1990 - 6/1/2025
Summary
The Monthly, Seasonally Adjusted series measures employment in the mining and logging sector in the United States. This metric is a key indicator of the health and trends in the resource extraction industry.
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 Monthly, Seasonally Adjusted series tracks the number of employees working in the mining and logging sector, which includes activities such as oil and gas extraction, coal mining, and forestry. This data is used by economists and policymakers to assess the state of the U.S. natural resource economy.
Methodology
The data is collected through monthly surveys of businesses and establishments.
Historical Context
The mining and logging employment trend is closely watched as it provides insight into industrial production, commodity prices, and broader economic conditions.
Key Facts
- The mining and logging sector accounts for about 0.5% of total U.S. employment.
- Employment in this sector has declined by over 30% since the early 2010s.
- The Monthly, Seasonally Adjusted series is released by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted series measures employment in the mining and logging sector, which includes activities such as oil and gas extraction, coal mining, and forestry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and trends of the U.S. natural resource economy, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and establishments.
Q: How is this trend used in economic policy?
A: The mining and logging employment trend is used to assess industrial production, commodity prices, and broader economic conditions.
Q: Are there update delays or limitations?
A: The Monthly, Seasonally Adjusted series is released by the Bureau of Labor Statistics with no significant update delays.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU27000002023810001SA), retrieved from FRED.