Output per Worker for Mining: Coal Mining (NAICS 2121) in the United States
Percent Change from Year Ago
IPUBN2121W001000000 • 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
The 'Percent Change from Year Ago' economic trend measures the year-over-year change in U.S. industrial production, providing insight into the pace of economic growth.
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 metric tracks the annual percentage change in total industrial output, including manufacturing, mining, and utilities. It is a key indicator of the overall health and direction of the U.S. economy and is closely monitored by policymakers, analysts, and investors.
Methodology
The data is collected and calculated monthly by the U.S. Federal Reserve.
Historical Context
The 'Percent Change from Year Ago' industrial production trend is used to inform macroeconomic policy decisions and assess the performance of the broader economy.
Key Facts
- Industrial production accounts for about 20% of the U.S. economy.
- The annual change in industrial output has averaged 2.7% since 1972.
- Percent change from a year ago is a leading indicator of overall economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percentage change in total U.S. industrial production, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the pace of economic growth and is closely monitored by policymakers, economists, and investors to assess the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' industrial production trend is used to inform macroeconomic policy decisions and evaluate the performance of the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short time lag, providing timely insight into current economic conditions.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN2121W001000000), retrieved from FRED.