Output per Worker for Mining: Coal Mining (NAICS 21211) in the United States
IPUBN21211W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.40
Year-over-Year Change
-1.26%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures output per worker in the coal mining industry in the United States. It provides insight into the productivity and efficiency of this key 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 output per worker metric tracks the volume of coal production relative to the number of employees in the industry. It serves as an important indicator of operational and technological changes impacting the mining sector.
Methodology
The data is collected by the U.S. Federal Reserve through surveys and administrative records of coal mining firms.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to assess the competitiveness and outlook for the U.S. coal mining industry.
Key Facts
- Coal is a major domestic energy source in the U.S.
- The coal mining industry employs over 50,000 workers.
- Output per worker has fluctuated due to technological changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker in the U.S. coal mining industry, providing insight into the productivity and efficiency of this key domestic energy sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by policymakers, industry analysts, and investors to assess the competitiveness and outlook for the U.S. coal mining industry.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys and administrative records of coal mining firms.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to evaluate the performance and competitiveness of the U.S. coal mining sector.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but may be subject to minor publication delays.
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Citation
U.S. Federal Reserve, Output per Worker for Mining: Coal Mining (NAICS 21211) in the United States (IPUBN21211W000000000), retrieved from FRED.