Output per Worker for Mining: Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (NAICS 21232) in the United States
IPUBN21232W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.50
Year-over-Year Change
-377.78%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the output per worker for the sand, gravel, clay, and ceramic and refractory minerals mining and quarrying industry in the United States. It provides insights into the productivity and efficiency of this vital extractive 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 Output per Worker for Mining: Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (NAICS 21232) in the United States series measures the level of labor productivity in this industry. It is an important indicator of the sector's competitiveness and helps policymakers and analysts understand broader economic trends.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of mining and quarrying establishments.
Historical Context
This productivity metric is closely watched by policymakers and industry analysts to gauge the health and competitiveness of the U.S. mining and quarrying sector.
Key Facts
- The mining and quarrying industry accounts for over $100 billion in annual output in the U.S.
- Output per worker in this sector has increased by 25% over the past decade.
- The U.S. is a global leader in sand, gravel, and ceramic minerals production.
FAQs
Q: What does this economic trend measure?
A: This trend measures the level of output per worker in the sand, gravel, clay, and ceramic and refractory minerals mining and quarrying industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric is an important indicator of the competitiveness and efficiency of a vital extractive sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of mining and quarrying establishments.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this productivity metric to gauge the health and competitiveness of the U.S. mining and quarrying sector.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal lags, providing timely insights into this industry's performance.
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Citation
U.S. Federal Reserve, Output per Worker for Mining: Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (NAICS 21232) in the United States (IPUBN21232W001000000), retrieved from FRED.