Output per Worker for Mining: Support Activities for Mining (NAICS 21311) in the United States
IPUBN21311W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-9.60
Year-over-Year Change
-228.00%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures output per worker for the mining support activities industry (NAICS 21311) in the United States. It provides insights into the productivity and efficiency of this critical 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: Support Activities for Mining (NAICS 21311) metric tracks the inflation-adjusted real output produced per worker in this subsector of the mining industry. It is an important indicator of labor productivity and can inform business, investment, and policy decisions.
Methodology
The data is collected by the U.S. Federal Reserve through surveys and calculations based on industry output and employment figures.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the competitiveness and growth potential of the mining support services sector.
Key Facts
- Mining support services employ over 280,000 workers in the U.S.
- Output per worker has grown by 30% in this sector since 2010.
- The mining support industry contributes over $50 billion to U.S. GDP annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output produced per worker in the mining support activities industry (NAICS 21311) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and efficiency of a critical sector that supports the broader mining industry, which is important for business, investment, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys and calculations based on industry output and employment figures.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this trend to assess the competitiveness and growth potential of the mining support services sector.
Q: Are there update delays or limitations?
A: The data is published with a lag, but provides a reliable, nationally representative view of output per worker in this industry.
Related Trends
Hourly Compensation for Mining: Coal Mining (NAICS 2121) in the United States
IPUBN2121U121000000
Unit Labor Costs for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
IPUBN2123U100000000
Unit Labor Costs for Mining: Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (NAICS 21232) in the United States
IPUBN21232U100000000
Sectoral Output for Mining: Mining (NAICS 21) in the United States
IPUBN21T300000000
Labor Productivity for Mining: Support Activities for Mining (NAICS 213) in the United States
IPUBN213L000000000
Output per Worker for Mining: Oil and Gas Extraction (NAICS 2111) in the United States
IPUBN2111W001000000
Citation
U.S. Federal Reserve, Output per Worker for Mining: Support Activities for Mining (NAICS 21311) in the United States (IPUBN21311W001000000), retrieved from FRED.