Seasonally Adjusted
SMU39000009092262201SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.80
Year-over-Year Change
9.94%
Date Range
1/1/1990 - 12/1/2016
Summary
The Seasonally Adjusted series measures employment levels in the Mining and Logging sector, providing insight into the economic health of this critical 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 Seasonally Adjusted employment series for the Mining and Logging sector adjusts raw data to account for regular, predictable variations throughout the year, enabling analysts to identify underlying trends and make more accurate comparisons.
Methodology
This data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
Trends in Mining and Logging employment are closely watched by policymakers and market participants for their implications on broader economic conditions.
Key Facts
- The Mining and Logging sector accounts for approximately 700,000 jobs in the U.S. economy.
- Seasonal adjustments are critical for accurately tracking employment trends in this volatile industry.
- Data on Mining and Logging employment is a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures employment levels in the Mining and Logging sector, providing insight into the economic health of this critical industry.
Q: Why is this trend relevant for users or analysts?
A: Trends in Mining and Logging employment are closely watched by policymakers and market participants for their implications on broader economic conditions.
Q: How is this data collected or calculated?
A: This data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Data on Mining and Logging employment is a leading indicator of broader economic conditions, making it a valuable tool for policymakers and analysts.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted employment series is subject to regular updates and revisions by the U.S. Federal Reserve to ensure accuracy and timeliness.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU39000009092262201SA), retrieved from FRED.