Employment for Mining: Support Activities for Mining (NAICS 21311) in the United States
IPUBN21311W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.25
Year-over-Year Change
-30.64%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the support activities for mining industry in the United States. It provides valuable insights into the labor market and production capacity of this key energy and resources 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 Employment for Mining: Support Activities for Mining (NAICS 21311) in the United States series tracks the number of workers employed in providing support services for the mining industry, such as exploration, site preparation, and other activities. This data is used by economists and policymakers to assess the health and growth of the mining and natural resources sectors.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by government agencies, industry analysts, and investors to understand the state of the mining and energy production markets.
Key Facts
- Mining support employment accounts for over 300,000 U.S. jobs.
- Employment in this sector declined during the COVID-19 pandemic.
- The mining support industry is a leading indicator of energy and commodity production.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in providing support services for the mining industry in the United States, such as exploration, site preparation, and other activities.
Q: Why is this trend relevant for users or analysts?
A: This employment data is closely watched by economists, policymakers, and industry analysts as it provides insights into the health and growth of the mining and natural resources sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Government agencies, industry analysts, and investors monitor this employment trend to understand the state of the mining and energy production markets, which have significant implications for economic and energy policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Employment for Mining: Support Activities for Mining (NAICS 21311) in the United States (IPUBN21311W010000000), retrieved from FRED.