Employment for Mining: Stone Mining and Quarrying (NAICS 21231) in the United States
Index 2017=100
IPUBN21231W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.34
Year-over-Year Change
12.69%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the output of the U.S. industrial sector, providing a comprehensive indicator of economic activity and production trends.
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
The Index 2017=100 is a key economic indicator that tracks the overall production and output of the U.S. industrial sector, including manufacturing, mining, and utilities. It serves as an important gauge of the health and performance of the broader economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve through surveys and statistical modeling.
Historical Context
Policymakers and analysts closely monitor this index to assess the state of the industrial economy and inform economic policy decisions.
Key Facts
- The index is benchmarked to 2017 as the base year, with a value of 100.
- The index covers a broad range of industrial sectors, including manufacturing, mining, and utilities.
- The index is a monthly indicator, providing timely insights into the state of the U.S. industrial economy.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the overall output and production of the U.S. industrial sector, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the health and performance of the broader U.S. economy, as the industrial sector plays a crucial role in overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve through surveys and statistical modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this index to assess the state of the industrial economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The index is a monthly indicator, providing timely insights into the state of the U.S. industrial economy.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUBN21231W010000000), retrieved from FRED.