Output per Worker for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
IPUBN21239W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.88
Year-over-Year Change
-14.82%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures output per worker in the other nonmetallic mineral mining and quarrying industry in the United States. It provides insight into labor productivity and efficiency in this key industrial 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: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States metric tracks labor productivity by measuring the real output produced per worker in this subsector. It is a useful indicator of industry efficiency and competitiveness.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on production and employment statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the performance and competitive position of the nonmetallic mineral mining industry.
Key Facts
- Other nonmetallic mineral mining accounts for over 90,000 jobs in the U.S.
- Output per worker in this sector has increased 30% since 2010.
- The mining industry is a key driver of U.S. industrial production.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output produced per worker 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 insight into labor productivity and efficiency in a key industrial sector, which is important for assessing competitiveness and economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on production and employment statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and industry analysts to assess the performance and competitive position of the nonmetallic mineral mining industry.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing timely insights into this sector's productivity.
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Citation
U.S. Federal Reserve, Output per Worker for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States (IPUBN21239W000000000), retrieved from FRED.