All Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Rhode Island
Seasonally Adjusted
SMU44000005552200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.11
Year-over-Year Change
-2.01%
Date Range
1/1/1990 - 7/1/2025
Summary
The Seasonally Adjusted series measures employment in the mining and logging industry in the United States. It is a key indicator of economic activity and labor market trends.
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 series provides a measure of total employment in the mining and logging sector, which encompasses industries like oil and gas extraction, coal mining, and forestry. This data is seasonally adjusted to account for recurring fluctuations, enabling analysts to better identify underlying economic patterns.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers and market participants to gauge the health of the extractive industries and broader economic conditions.
Key Facts
- Mining and logging account for around 0.5% of total U.S. employment.
- Employment in this sector tends to be volatile, reflecting commodity price swings.
- The Seasonally Adjusted series adjusts for typical seasonal patterns in hiring and layoffs.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures total employment in the mining and logging industry in the United States, which includes oil, gas, coal, and forestry-related jobs.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of activity and labor market conditions in the extractive industries, which are a critical part of the U.S. economy. It helps analysts and policymakers gauge broader economic trends.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor this metric to assess the health of the mining and logging sector and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted series is published monthly with a typical one-month lag, providing timely insights into employment trends in this industry.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU44000005552200001SA), retrieved from FRED.