Output per Worker for Mining: Metal Ore Mining (NAICS 2122) in the United States
IPUBN2122W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.03
Year-over-Year Change
-16.26%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output per worker in the metal ore mining industry (NAICS 2122) in the United States. It is an important metric for evaluating productivity and efficiency in this key industrial 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 Output per Worker for Mining: Metal Ore Mining (NAICS 2122) in the United States trend provides insights into the productivity and performance of the metal ore mining industry. It can help analysts and policymakers assess the competitiveness and technological progress of this industry over time.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on industry output and employment figures.
Historical Context
This trend is used by economists, industry analysts, and policymakers to monitor the health and competitiveness of the U.S. metal ore mining sector.
Key Facts
- Metal ore mining is a key component of the U.S. industrial and manufacturing base.
- Productivity growth in this sector can impact the competitiveness of downstream industries.
- The trend has shown steady improvements over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker in the metal ore mining industry (NAICS 2122) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity and performance of the metal ore mining industry, which is crucial for evaluating the competitiveness and technological progress of this key industrial sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on industry output and employment figures.
Q: How is this trend used in economic policy?
A: This trend is used by economists, industry analysts, and policymakers to monitor the health and competitiveness of the U.S. metal ore mining sector, which can impact the broader industrial and manufacturing landscape.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, with minimal update delays. However, there may be some limitations due to the underlying data sources and industry reporting.
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Citation
U.S. Federal Reserve, Output per Worker for Mining: Metal Ore Mining (NAICS 2122) in the United States (IPUBN2122W000000000), retrieved from FRED.