Labor Compensation for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States
Index 2017=100
IPUBN212U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.57
Year-over-Year Change
18.80%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the production of manufactured goods in the United States, providing insight into the health of the broader 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
This index tracks the total output of U.S. manufacturing, mining, and utility industries, adjusting for seasonal and calendar-related variations. It serves as a key barometer of the nation's industrial activity and economic growth.
Methodology
The data is collected through surveys of industrial facilities and calculated using a base year of 2017.
Historical Context
The Index 2017=100 is closely monitored by policymakers, analysts, and investors for its implications on employment, consumer demand, and macroeconomic conditions.
Key Facts
- The index has a base year of 2017 set to 100.
- Manufacturing accounts for approximately 75% of the overall index.
- The index reached a record high of 107.5 in December 2019.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total industrial production of manufacturing, mining, and utility industries in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the health and performance of the U.S. industrial sector, providing insights into broader economic conditions and growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated using a base year of 2017.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by policymakers, economists, and investors to assess the state of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve, with some delay in data availability.
Related Trends
Output per Worker for Mining: Oil and Gas Extraction (NAICS 211) in the United States
IPUBN211W001000000
Sectoral Output for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States
IPUBN212T300000000
Sectoral Output Price Deflator for Mining: Oil and Gas Extraction (NAICS 211) in the United States
IPUBN211T051000000
Output per Worker for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
IPUBN21239W000000000
Employment for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
IPUBN2123W010000000
Hours Worked for Mining: Oil and Gas Extraction (NAICS 211) in the United States
IPUBN211L200000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUBN212U110000000), retrieved from FRED.