Employment for Mining: Stone Mining and Quarrying (NAICS 21231) in the United States
IPUBN21231W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.30
Year-over-Year Change
12.69%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator measures production and employment in the stone mining and quarrying industry, which is part of the broader mining sector. It provides insights into the health and activity of this important segment of the U.S. 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 Employment for Mining: Stone Mining and Quarrying (NAICS 21231) in the United States index tracks the level of employment and production in establishments that operate surface or underground mines, quarries, and wells for the extraction of nonmetallic minerals, except fuels. This data is a key indicator of economic conditions and investment in the domestic mining industry.
Methodology
The data is collected through surveys of U.S. industrial establishments by the Federal Reserve.
Historical Context
This metric is closely watched by economists, policymakers, and industry stakeholders to assess the performance and outlook for the mining sector.
Key Facts
- Mining is a significant contributor to the U.S. economy.
- The stone mining and quarrying industry employs over 90,000 workers.
- This metric has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This index tracks employment and production levels in the stone mining and quarrying industry, which is part of the broader U.S. mining sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and activity of the domestic mining industry, which is an important driver of economic growth and investment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. industrial establishments by the Federal Reserve.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by economists, policymakers, and industry stakeholders to assess the performance and outlook for the mining sector.
Q: Are there update delays or limitations?
A: The data is released on a regular monthly basis with minimal delays.
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Citation
U.S. Federal Reserve, Employment for Mining: Stone Mining and Quarrying (NAICS 21231) in the United States (IPUBN21231W200000000), retrieved from FRED.