On May 25-27, 1980, Long Valley caldera was rocked by four M = 6 earthquakes that heralded the onset of a wave of seismic activity within the caldera which has continued through the present. Unrest has taken the form of seismic swarms, uplift of the resurgent dome, and areas of vegetation killed by increased CO2 emissions, all interpreted as resulting from magma injection into different levels beneath the caldera, as well as beneath Mammoth Mountain along the southwest rim of the caldera. Continuing economic development in the Mammoth Lakes area has swelled the local population, increasing the risk to people and property if an eruption were to occur. The U.S. Geological Survey (USGS) has been monitoring geophysical activity in the Long Valley area since the mid-1970s and continues to track the unrest in real time with a sophisticated network of geophysical sensors. Hazards information obtained by this monitoring is provided to local, State, and Federal officials and to the public through the Long Valley Observatory.