All Employees: Mining and Logging in West Virginia
SMU54000001000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.30
Year-over-Year Change
-36.42%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Mining and Logging in West Virginia' economic trend measures the total number of employees in the mining and logging industries in the state of West Virginia. This metric is important for analyzing the strength and composition 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 indicator tracks the total employment levels in West Virginia's extractive and natural resource sectors, which have historically been a significant driver of the state's economic activity and growth. The data can provide insights into the health and trajectory of these key industries.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the performance and outlook of West Virginia's mining and logging sectors.
Key Facts
- West Virginia is a major coal-producing state.
- The mining and logging industries account for a significant portion of the state's GDP.
- Employment in these sectors has fluctuated in recent years due to market and policy changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the mining and logging industries in the state of West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and performance of key economic sectors in West Virginia, which can inform policymaking and investment decisions.
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: Policymakers and analysts use this metric to assess the outlook and support policies related to West Virginia's mining and logging industries.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in reporting due to the nature of the survey process.
Related Trends
Average Weekly Earnings of Production Employees: Financial Activities in West Virginia
SMU54000005500000030
Monthly State Retail Sales: Motor Vehicle and Parts Dealers in West Virginia
MSRSWV441
Employed Persons in West Virginia
LASST540000000000005
Commercial Carbon Dioxide Emissions, LPG (Fuel Use) for West Virginia
EMISSCO2VHLCCBWVA
Monthly State Retail Sales: General Merchandise Stores in West Virginia
MSRSWV452
Housing Inventory: Median Listing Price in West Virginia
MEDLISPRIWV
Citation
U.S. Federal Reserve, All Employees: Mining and Logging in West Virginia (SMU54000001000000001A), retrieved from FRED.