All Employees: Logging in Washington
SMU53000001011330001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.10
Year-over-Year Change
-16.22%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Logging in Washington' trend measures total employment in the logging industry in the state of Washington. This metric is important for economists and policymakers to understand the health and dynamics of the forestry and natural resources 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 tracks the total number of workers employed in the logging industry within the state of Washington. It provides insight into the overall labor market and production capacity of this key economic sector.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in logging employment are closely watched by policymakers and industry analysts to gauge the strength of related markets like timber, paper, and construction.
Key Facts
- Washington is a major center of the U.S. logging industry.
- Logging employment has declined over the past two decades.
- The sector is sensitive to housing market and construction trends.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Logging in Washington' trend measures total employment in the logging industry within the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and dynamics of the forestry and natural resources sectors, which are important for the Washington state economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in logging employment are closely watched by policymakers and industry analysts to gauge the strength of related markets like timber, paper, and construction.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the U.S. Bureau of Labor Statistics employment surveys.
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Citation
U.S. Federal Reserve, All Employees: Logging in Washington (SMU53000001011330001A), retrieved from FRED.