Mining Earnings in North Carolina
NCEMIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
580,287.00
Year-over-Year Change
20.20%
Date Range
1/1/1998 - 1/1/2025
Summary
The Mining Earnings in North Carolina indicator tracks the average weekly earnings of workers in the mining industry within North Carolina. It serves as an important metric for understanding economic conditions and labor market trends in the state's mining 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 Mining Earnings in North Carolina series represents the average weekly earnings of employees in the state's mining industry. This metric provides insight into the compensation levels and purchasing power of workers in this key economic sector, which has implications for consumer spending, investment, and overall economic activity.
Methodology
The data is collected through the Quarterly Census of Employment and Wages (QCEW) program administered by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to gauge the financial well-being of North Carolina's mining workforce and the broader economic conditions influencing the state's resource extraction industries.
Key Facts
- Mining is a major industry in North Carolina, accounting for over 12,000 jobs.
- Average weekly earnings in North Carolina's mining sector exceed the state's overall private sector average.
- Mining earnings have shown modest growth in recent years, indicating stability in the industry.
FAQs
Q: What does this economic trend measure?
A: The Mining Earnings in North Carolina indicator tracks the average weekly earnings of workers employed in the state's mining industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial well-being and purchasing power of workers in North Carolina's mining sector, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages (QCEW) program administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the financial conditions and labor market trends in North Carolina's mining industry, which can inform decisions related to economic development, workforce training, and industry regulations.
Q: Are there update delays or limitations?
A: The Mining Earnings in North Carolina data is published quarterly, with a typical release lag of approximately two months.
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Citation
U.S. Federal Reserve, Mining Earnings in North Carolina (NCEMIN), retrieved from FRED.