All Employees: Mining and Logging in Washington
SMU53000001000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.30
Year-over-Year Change
-10.17%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Mining and Logging in Washington' series tracks employment in the mining and logging industry in the state of Washington. This economic indicator provides insight into the health and activity of a key sector of 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
This monthly data series, published by the U.S. Bureau of Labor Statistics, measures the total number of employees in the mining and logging industries across the state of Washington. It serves as an important barometer for monitoring trends in natural resource extraction and production within the state.
Methodology
The data is collected through surveys of businesses and establishments in the mining and logging sectors.
Historical Context
Policymakers and analysts use this metric to assess the economic performance and labor market conditions of Washington's natural resource industries.
Key Facts
- Washington is a major producer of timber and other natural resources.
- Mining and logging account for a significant portion of the state's GDP.
- Employment in these sectors can be volatile and sensitive to global commodity prices.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of employees in the mining and logging industries within the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of a critical sector of Washington's economy, which is heavily dependent on natural resource extraction and production.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in the mining and logging sectors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the economic performance and labor market conditions of Washington's natural resource industries, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is published monthly, with some potential for minor delays in reporting.
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Citation
U.S. Bureau of Labor Statistics, All Employees: Mining and Logging in Washington (SMU53000001000000001A), retrieved from FRED.