Hours Worked for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
IPUBN21239L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.33
Year-over-Year Change
-3.98%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the number of hours worked in the other nonmetallic mineral mining and quarrying industry in the United States, a key indicator of production and labor activity in this 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 Hours Worked for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) metric tracks the total number of hours worked by employees in this industry, providing insight into labor utilization and production capacity.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by economists and policymakers to gauge the health of the mining and extraction industries.
Key Facts
- Other nonmetallic mineral mining and quarrying is a key component of the U.S. mining industry.
- Hours worked data provides insights into labor utilization and production capacity in this sector.
- The metric is closely tracked by economists and policymakers to gauge the health of the mining industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the other nonmetallic mineral mining and quarrying industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor utilization and production capacity in a key component of the U.S. mining industry, making it a closely watched indicator by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to gauge the health and performance of the mining and extraction industries, which are important for the broader U.S. economy.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication delays of U.S. government economic statistics, but provides a reliable and authoritative measure of this industry's labor activity.
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Citation
U.S. Federal Reserve, Hours Worked for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States (IPUBN21239L010000000), retrieved from FRED.