Labor Compensation for Mining: Coal Mining (NAICS 2121) in the United States
Percent Change from Year Ago
IPUBN2121L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.50
Year-over-Year Change
-78.26%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual change in industrial production for the total manufacturing sector, a key indicator of economic activity.
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
This monthly industrial production index tracks the output of factories, mines, and utilities in the United States. It is a widely followed metric that provides insight into the health and direction of the manufacturing economy.
Methodology
The data is collected through surveys of industrial facilities and calculated by the Federal Reserve.
Historical Context
Policymakers, analysts, and investors monitor this trend to assess the strength of the U.S. industrial sector and broader economic conditions.
Key Facts
- The index is based on 2017 as the 100 reference year.
- The total manufacturing sector accounts for approximately 75% of the overall industrial production index.
- Percent change from a year ago is a common metric used to adjust for seasonal patterns.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual change in industrial production for the total manufacturing sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and direction of the U.S. manufacturing economy, which is a key driver of overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated by the Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors monitor this trend to assess the strength of the industrial sector and broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical delay of around six weeks.
Related Trends
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Real Sectoral Output for Mining: Coal Mining (NAICS 21211) in the United States
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Hourly Compensation for Mining: Coal Mining (NAICS 2121) in the United States
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Output per Worker for Mining: Support Activities for Mining (NAICS 2131) in the United States
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Unit Labor Costs for Mining: Support Activities for Mining (NAICS 2131) in the United States
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Hourly Compensation for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN2121L021000000), retrieved from FRED.