All Employees: Mining and Logging in Nebraska
SMU31000001000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-16.67%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Mining and Logging in Nebraska' series tracks the total number of employees in the mining and logging industry in the state of Nebraska. This metric provides insight into the economic health and labor force trends within this key sector.
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 economic series measures the monthly total number of employees in the mining and logging industry across Nebraska. It is a valuable indicator of activity and labor demand in industries like oil, gas, coal, and timber production within the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers often monitor this series to assess the performance and outlook of Nebraska's natural resource extraction and related industries.
Key Facts
- Nebraska has a significant mining and logging sector.
- This series tracks over 6,000 employees in the industry.
- Mining and logging jobs account for 1.4% of Nebraska's workforce.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Mining and Logging in Nebraska' series tracks the total number of people employed in the mining and logging industry across the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and labor force trends within Nebraska's natural resource extraction industries, which are an important part of the state's economy.
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: Analysts and policymakers monitor this series to assess the outlook for Nebraska's mining, logging, and related industries, which can inform economic development strategies and workforce planning.
Q: Are there update delays or limitations?
A: This series is published monthly with a typical one-month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, All Employees: Mining and Logging in Nebraska (SMU31000001000000001A), retrieved from FRED.