Output per Worker for Mining: Coal Mining (NAICS 21211) in the United States
IPUBN21211W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.60
Year-over-Year Change
157.78%
Date Range
1/1/1988 - 1/1/2024
Summary
This trend measures the output per worker in the coal mining industry in the United States. It provides insights into the productivity and efficiency of the coal mining sector, which is a key component of the U.S. energy and manufacturing supply chains.
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 for Mining: Coal Mining (NAICS 21211) in the United States tracks the real output per worker in the coal mining industry. This metric is used by economists and policymakers to analyze labor productivity, industry competitiveness, and the impacts of technological changes or regulatory policies on the coal mining sector.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of coal mining establishments.
Historical Context
This trend is relevant for understanding the broader health and competitiveness of the U.S. energy and manufacturing industries, which rely on coal as a key input.
Key Facts
- Coal mining accounts for approximately 50,000 jobs in the U.S.
- The U.S. is one of the world's largest producers and consumers of coal.
- Coal provides around 20% of the U.S. energy supply.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output per worker in the coal mining industry in the United States. It tracks labor productivity in the coal mining sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the competitiveness and efficiency of the U.S. coal mining industry, which is a critical component of the energy and manufacturing supply chains.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of coal mining establishments.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the impacts of regulations, technology changes, and other factors on the productivity and competitiveness of the U.S. coal mining industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Output per Worker for Mining: Coal Mining (NAICS 21211) in the United States (IPUBN21211W001000000), retrieved from FRED.