All Employees: Mining and Logging: Mining, Quarrying, and Oil and Gas Extraction in North Carolina
SMU37000001021000001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.87
Year-over-Year Change
5.18%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend tracks the total number of employees in the mining, quarrying, and oil and gas extraction industries in North Carolina. It provides important insights into the performance and labor dynamics of these key sectors within the state's economy.
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 All Employees: Mining and Logging: Mining, Quarrying, and Oil and Gas Extraction in North Carolina indicator measures the total employment levels in these critical industries, which play a significant role in the state's economic production and output.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, analysts, and industry stakeholders to assess the health and competitiveness of North Carolina's natural resource extraction sectors.
Key Facts
- North Carolina's mining, quarrying, and oil and gas extraction sectors employ over 17,000 workers.
- These industries account for nearly 1% of the state's total non-farm employment.
- Employment in the sector has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the mining, quarrying, and oil and gas extraction industries in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the labor dynamics and performance of key natural resource extraction sectors within North Carolina's economy, which are closely monitored by policymakers, industry stakeholders, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to assess the health, competitiveness, and labor market conditions of North Carolina's mining, quarrying, and oil and gas extraction sectors, which are critical to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Mining and Logging: Mining, Quarrying, and Oil and Gas Extraction in North Carolina (SMU37000001021000001SA), retrieved from FRED.