Output per Worker for Mining: Support Activities for Mining (NAICS 21311) in the United States
IPUBN21311W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.13
Year-over-Year Change
-2.22%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures output per worker for support activities in the mining industry, which is a key indicator of labor productivity and efficiency in this vital 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: Support Activities for Mining (NAICS 21311) in the United States tracks the real output (sales, shipments, or production) per worker engaged in ancillary activities that support the overall mining process, such as exploration, excavation, and on-site processing.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on industry production and employment figures.
Historical Context
This metric is closely monitored by policymakers, analysts, and industry stakeholders to gauge the health and competitiveness of the U.S. mining support services sector.
Key Facts
- Mining support services employ over 350,000 workers in the U.S.
- Output per worker in this sector has risen by 25% since 2015.
- The mining support industry accounts for 10% of total U.S. mining output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output (sales, shipments, or production) per worker engaged in support activities for the overall mining industry, such as exploration, excavation, and on-site processing.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor productivity and efficiency in the vital mining support services sector, which is closely monitored by policymakers, analysts, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on industry production and employment figures.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and industry analysts to gauge the health and competitiveness of the U.S. mining support services sector, which is a critical component of the broader economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis by the Federal Reserve with a typical 1-2 month lag, and may be subject to periodic revisions.
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Sectoral Output for Mining: Support Activities for Mining (NAICS 21311) in the United States
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Unit Labor Costs for Mining: Coal Mining (NAICS 21211) in the United States
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Hourly Compensation for Mining: Oil and Gas Extraction (NAICS 211) in the United States
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Citation
U.S. Federal Reserve, Output per Worker for Mining: Support Activities for Mining (NAICS 21311) in the United States (IPUBN21311W000000000), retrieved from FRED.