Employment for Mining: Coal Mining (NAICS 2121) in the United States
Thousands of Jobs
IPUBN2121W200000000 • 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' trend measures changes in the total number of jobs in the U.S. manufacturing sector. It is a key economic indicator used to assess the health and growth of the overall 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 number of nonfarm payroll jobs in the manufacturing industry. It is a widely followed economic statistic that provides insight into the production and labor dynamics of the U.S. manufacturing sector, a critical component of the broader economy.
Methodology
The Bureau of Labor Statistics collects this data through monthly surveys of business establishments.
Historical Context
The 'Thousands of Jobs' trend is closely monitored by policymakers, analysts, and investors to gauge the strength of the manufacturing industry and broader economic conditions.
Key Facts
- Manufacturing accounts for over 10% of U.S. GDP.
- The U.S. manufacturing sector employs over 12 million workers.
- Manufacturing productivity has increased by over 50% since 2000.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Jobs' metric tracks the total number of nonfarm payroll jobs in the U.S. manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing sector is a critical component of the broader U.S. economy, and changes in manufacturing employment provide insight into overall economic health and growth.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics collects this data through monthly surveys of business establishments.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor the 'Thousands of Jobs' trend to gauge the strength of the manufacturing industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The 'Thousands of Jobs' data is released monthly with a typical one-month delay.
Related Trends
Unit Labor Costs for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
IPUBN21239U100000000
Sectoral Output for Mining: Oil and Gas Extraction (NAICS 211) in the United States
IPUBN211T300000000
Real Sectoral Output for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
IPUBN21239T011000000
Output per Worker for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States
IPUBN212W001000000
Hours Worked for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
IPUBN21239L010000000
Employment for Mining: Oil and Gas Extraction (NAICS 2111) in the United States
IPUBN2111W200000000
Citation
U.S. Federal Reserve, Thousands of Jobs (IPUBN2121W200000000), retrieved from FRED.