All Employees: Mining and Logging in Virginia
SMU51000001000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.30
Year-over-Year Change
-33.03%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Mining and Logging in Virginia' metric tracks the total number of employees in the mining and logging industries in the state of Virginia. This data provides valuable insights into the health and performance of these key economic sectors.
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 series measures the total number of employees engaged in mining and logging activities within the state of Virginia. It is an important indicator of economic activity and productivity in these industries, which are crucial contributors to Virginia's economy.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers monitor this trend to assess the strength of Virginia's natural resource and extraction sectors.
Key Facts
- Virginia is a major producer of coal, natural gas, and other mineral resources.
- The mining and logging industries account for over 15,000 jobs in Virginia.
- Employment in these sectors has fluctuated due to changes in global commodity prices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the mining and logging industries in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the strength and performance of Virginia's natural resource and extraction sectors, which are important contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the health of Virginia's mining and logging industries and their impact on the broader state economy.
Q: Are there update delays or limitations?
A: The data is subject to typical release schedules and potential revisions by the Bureau of Labor Statistics.
Related Trends
Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Virginia
VABRDTELENGSP
Housing Inventory: Price Reduced Count Year-Over-Year in Virginia
PRIREDCOUYYVA
Coefficient for Industrial Carbon Dioxide Emissions, Kerosene for Virginia
EMISSCO2CKSICBVAA
Monthly State Retail Sales: General Merchandise Stores in Virginia
MSRSVA452
Coefficient for Industrial Carbon Dioxide Emissions, LPG (Fuel Use) for Virginia
EMISSCO2CHLICBVAA
90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for Virginia
PPCIUBU18VA51000A156NCEN
Citation
U.S. Federal Reserve, All Employees: Mining and Logging in Virginia (SMU51000001000000001A), retrieved from FRED.