Employment for Mining: Coal Mining (NAICS 21211) in the United States
Thousands of Jobs
IPUBN21211W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.50
Year-over-Year Change
-49.88%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Thousands of Jobs' economic trend measures the total number of jobs in the U.S. private non-farm business sector. This key labor market indicator provides insight into the overall health and growth of the economy.
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 'Thousands of Jobs' metric tracks the total employment levels across a range of private-sector industries, excluding government, agriculture, and private households. It is widely used by economists, policymakers, and analysts to assess labor market conditions and economic performance.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in the 'Thousands of Jobs' trend are closely watched by the Federal Reserve and other institutions for their implications on monetary and fiscal policy decisions.
Key Facts
- The U.S. private non-farm sector added over 5 million jobs in 2022.
- The 'Thousands of Jobs' metric reached a record high of 129,840 in December 2022.
- Employment levels remain below pre-pandemic peaks in some industries.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Jobs' metric tracks the total number of jobs in the U.S. private non-farm business sector, providing a comprehensive view of employment levels across the economy.
Q: Why is this trend relevant for users or analysts?
A: Changes in the 'Thousands of Jobs' trend are closely monitored by economists, policymakers, and market participants as a key indicator of economic health and growth.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The 'Thousands of Jobs' metric is a critical input for the Federal Reserve and other institutions in their assessments of labor market conditions and decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The 'Thousands of Jobs' data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Thousands of Jobs (IPUBN21211W200000000), retrieved from FRED.