Sectoral Output for Mining: Coal Mining (NAICS 21211) in the United States
IPUBN21211T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8.80
Year-over-Year Change
1.15%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the output of the coal mining industry in the United States. It is an important indicator for understanding the health and productivity of the domestic energy 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 Sectoral Output for Mining: Coal Mining (NAICS 21211) in the United States measures the volume of production from companies engaged in coal mining, a crucial component of the country's energy infrastructure. This metric provides insight into the performance and capacity utilization of this specific industry.
Methodology
The data is collected through surveys of coal mining establishments and calculated as an index value.
Historical Context
This trend is closely watched by policymakers, energy analysts, and investors to gauge the supply and demand dynamics within the U.S. coal industry.
Key Facts
- Coal is a primary fuel source for electricity generation in the U.S.
- The coal mining industry employs over 50,000 workers nationwide.
- U.S. coal production has declined by over 30% since 2008.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output or production volume of companies engaged in coal mining operations in the United States.
Q: Why is this trend relevant for users or analysts?
A: The coal mining output trend provides important insights into the energy sector and can inform policy decisions, investment strategies, and industry analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of coal mining establishments and calculated as an index value by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and energy analysts closely monitor this trend to gauge the supply and demand dynamics within the U.S. coal industry, which informs energy policy and regulations.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with occasional revisions. There may be lags in reporting due to the nature of the survey-based data collection.
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Citation
U.S. Federal Reserve, Sectoral Output for Mining: Coal Mining (NAICS 21211) in the United States (IPUBN21211T301000000), retrieved from FRED.