Employment for Mining: Mining (NAICS 21) in the United States
IPUBN21W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.10
Year-over-Year Change
-114.86%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures employment in the U.S. mining industry, providing insights into a critical sector of the economy. It is closely monitored by economists and policymakers to assess the health and direction of the mining industry.
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 Mining Employment trend tracks the total number of workers employed in the mining industry in the United States, which includes establishments engaged in activities such as oil and gas extraction, coal mining, and mineral mining. This data is used to analyze labor market conditions, production capacity, and economic growth in the mining sector.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of establishments.
Historical Context
This metric is widely used by economists, investors, and policymakers to understand the state of the mining industry and its broader economic implications.
Key Facts
- Mining employs over 600,000 workers in the U.S.
- Mining accounts for 0.5% of total U.S. employment.
- Employment in the mining sector has declined by 15% since 2012.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of workers employed in the U.S. mining industry, including oil and gas extraction, coal mining, and mineral mining.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by economists, investors, and policymakers to assess the health and direction of the mining industry, which is a critical sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of establishments.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to understand the state of the mining industry and its broader economic implications, such as labor market conditions, production capacity, and economic growth.
Q: Are there update delays or limitations?
A: The mining employment data is released monthly with a typical lag of one to two months.
Related Trends
Output per Worker for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
IPUBN2123W001000000
Sectoral Output for Mining: Oil and Gas Extraction (NAICS 211) in the United States
IPUBN211T300000000
Unit Labor Costs for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
IPUBN21239U100000000
Sectoral Output for Mining: Mining (NAICS 21) in the United States
IPUBN21T300000000
Unit Labor Costs for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States
IPUBN212U100000000
Real Sectoral Output for Mining: Stone Mining and Quarrying (NAICS 21231) in the United States
IPUBN21231T010000000
Citation
U.S. Federal Reserve, Employment for Mining: Mining (NAICS 21) in the United States (IPUBN21W201000000), retrieved from FRED.