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Seasonally Adjusted
SMU39000009092161101SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.77
Year-over-Year Change
0.65%
Date Range
1/1/1990 - 7/1/2025
Summary
The Seasonally Adjusted series measures employment levels in the Mining and Logging sector in Maine, providing key insights into the state's natural resource-based 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
This seasonally adjusted data series tracks the number of individuals employed in mining, quarrying, and logging activities in Maine. It is an important economic indicator used to analyze trends in the state's resource extraction and primary production sectors.
Methodology
The data is collected through surveys of business establishments and calculated with statistical methods to account for seasonal variations.
Historical Context
Policymakers and analysts use this series to monitor the health and performance of Maine's resource-based industries.
Key Facts
- Mining and logging account for over 2% of Maine's total employment.
- This sector has seen steady growth in recent years as natural resource extraction has expanded.
- Seasonal adjustments help isolate underlying employment trends from weather and calendar effects.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series tracks employment levels in the Mining and Logging sector in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This data provides key insights into the performance and health of Maine's resource-based 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 and calculated with statistical methods to account for seasonal variations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to monitor the Mining and Logging sector in Maine and inform decisions related to the state's resource-based industries.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a lag time between the reference period and public release.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU39000009092161101SA), retrieved from FRED.