Hours Worked for Mining: Support Activities for Mining (NAICS 213) in the United States
IPUBN213L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.19
Year-over-Year Change
-29.40%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total number of hours worked in the support activities for mining industry in the United States. It provides important insights into the productivity and labor dynamics of this key 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 Hours Worked for Mining: Support Activities for Mining (NAICS 213) indicator tracks the total number of hours worked by employees in establishments that provide support services for the mining industry, such as exploration, site preparation, and other mining support activities. This metric is a valuable indicator of industry activity and labor market conditions.
Methodology
The data is collected through surveys of businesses in the mining support services industry.
Historical Context
Policymakers and analysts use this trend to monitor the health and growth of the mining support services sector and its broader economic implications.
Key Facts
- Mining support services account for over $50 billion in annual economic output.
- Employment in this sector has grown by 20% over the past decade.
- The mining support services industry is a leading employer in many rural communities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in establishments that provide support services for the mining industry, such as exploration, site preparation, and other mining support activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the productivity and labor dynamics of the mining support services sector, which is a key part of the broader mining and natural resources industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the mining support services industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the health and growth of the mining support services sector and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Hours Worked for Mining: Support Activities for Mining (NAICS 213) in the United States (IPUBN213L010000000), retrieved from FRED.