Labor Compensation for Mining: Coal Mining (NAICS 2121) in the United States
IPUBN2121L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,313.30
Year-over-Year Change
-33.90%
Date Range
1/1/1987 - 1/1/2024
Summary
This data series tracks labor compensation for the coal mining industry in the United States. It is an important indicator of economic activity and productivity in the 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 labor compensation metric represents the total wages, salaries, and supplements paid to employees in the coal mining industry (NAICS 2121). Economists and policymakers use this data to assess the financial health and output of a key U.S. industrial sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of mining companies.
Historical Context
Trends in coal mining compensation provide insight into the state of energy markets and industrial production.
Key Facts
- Coal mining is a major U.S. industry, with over 50,000 workers.
- Compensation in the coal mining sector tends to be higher than the national average.
- Coal remains an important fuel source for electricity generation in the United States.
FAQs
Q: What does this economic trend measure?
A: This data series tracks total labor compensation, including wages, salaries, and benefits, for workers in the U.S. coal mining industry.
Q: Why is this trend relevant for users or analysts?
A: Trends in coal mining compensation provide insights into the financial health, productivity, and output of a key U.S. industrial sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of mining companies.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to assess the state of energy markets, industrial production, and employment in the mining industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but may have a lag of several weeks or months.
Related Trends
Hours Worked for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
IPUBN21239L010000000
Labor Compensation for Mining: Metal Ore Mining (NAICS 2122) in the United States
IPUBN2122L020000000
Output per Worker for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
IPUBN2123W001000000
Hours Worked for Mining: Support Activities for Mining (NAICS 2131) in the United States
IPUBN2131L200000000
Employment for Mining: Coal Mining (NAICS 2121) in the United States
IPUBN2121W201000000
Employment for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States
IPUBN212W200000000
Citation
U.S. Federal Reserve, Labor Compensation for Mining: Coal Mining (NAICS 2121) in the United States (IPUBN2121L020000000), retrieved from FRED.