Unit Labor Costs for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
Index 2017=100
IPUGN4251U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.40
Year-over-Year Change
10.24%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the output of the U.S. mining sector, a key indicator of industrial and economic activity.
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 Index 2017=100 is a seasonally adjusted time series that tracks the total production of the U.S. mining industry, including extraction of oil, gas, and minerals. It is a widely referenced indicator of overall industrial and economic conditions.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of mining companies.
Historical Context
Policymakers and analysts use this index to assess the health of the mining sector and broader economy.
Key Facts
- The base year for the index is 2017.
- Mining accounts for around 11% of U.S. industrial production.
- The index reached a record high in 2022.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of production in the U.S. mining industry, including oil, gas, and mineral extraction.
Q: Why is this trend relevant for users or analysts?
A: The mining industry is a key driver of U.S. industrial output and economic activity, so this index provides important insights into the health of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through monthly surveys of mining companies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the strength of the mining sector and make informed decisions about fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical delay of 1-2 months. The data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4251U100000000), retrieved from FRED.