Hourly Compensation for Mining: Support Activities for Mining (NAICS 213) in the United States
IPUBN213U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.40
Year-over-Year Change
175.56%
Date Range
1/1/1988 - 1/1/2024
Summary
This trend measures hourly compensation for workers in support activities for mining in the United States. It provides insights into labor costs and productivity in the mining sector, which is a key industry for the U.S. economy.
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 Hourly Compensation for Mining: Support Activities for Mining (NAICS 213) in the United States tracks the average hourly compensation, including wages and benefits, for employees in the mining support services industry. This metric is useful for analyzing labor market dynamics and inflationary pressures in the mining sector.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the health of the mining industry and broader economic conditions.
Key Facts
- Hourly compensation includes both wages and benefits.
- The mining support services industry is a key part of the U.S. energy and materials supply chain.
- This trend is published monthly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation, including wages and benefits, for workers in support activities for the mining industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and productivity in the mining sector, which is an important industry for the U.S. economy. It can be used to assess the health of the mining industry and broader economic conditions.
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: Policymakers and economists use this trend to monitor the mining industry and broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: This trend is published monthly by the Bureau of Labor Statistics with minimal delays.
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Citation
U.S. Federal Reserve, Hourly Compensation for Mining: Support Activities for Mining (NAICS 213) in the United States (IPUBN213U121000000), retrieved from FRED.