Sectoral Output for Mining: Coal Mining (NAICS 21211) in the United States
IPUBN21211T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,693.25
Year-over-Year Change
-29.48%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures output levels in the U.S. coal mining industry, a key indicator of activity and productivity in the energy sector.
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 Sectoral Output for Mining: Coal Mining (NAICS 21211) in the United States measures the volume of production from coal mining operations, a critical component of the U.S. energy infrastructure. It is used by economists and policymakers to assess the health and trends within the coal mining industry.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of coal mining companies and aggregated into an index.
Historical Context
This trend is closely watched by energy market analysts and policymakers to understand broader trends in fossil fuel production.
Key Facts
- Coal mining accounts for about 15% of total U.S. energy production.
- Output in the coal mining industry has declined by 25% over the past decade.
- The U.S. is the world's second-largest producer of coal after China.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of output or production from the coal mining industry in the United States, providing insight into activity levels in this critical energy sector.
Q: Why is this trend relevant for users or analysts?
A: The coal mining output trend is an important indicator for energy market analysts, policymakers, and economists to assess the health and direction of the U.S. fossil fuel industry.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of coal mining companies and aggregated into an index.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and regulators to understand broader trends in fossil fuel production and energy supply, which informs decision-making on energy and environmental policies.
Q: Are there update delays or limitations?
A: The coal mining output data is published monthly by the Federal Reserve with a typical 1-2 month lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Sectoral Output for Mining: Coal Mining (NAICS 21211) in the United States (IPUBN21211T300000000), retrieved from FRED.