Unit Labor Costs for Mining: Mining (NAICS 21) in the United States
Index 2017=100
IPUBN21U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.78
Year-over-Year Change
-38.86%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly change in U.S. industrial production, a key indicator of economic activity and growth.
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 Index 2017=100 tracks the total output of the U.S. manufacturing, mining, and electric and gas utility industries. It is a widely followed economic statistic used to assess the health and trajectory of the broader economy.
Methodology
The data is compiled by the U.S. Federal Reserve based on monthly surveys of production across key industries.
Historical Context
The Index 2017=100 is closely monitored by policymakers, analysts, and market participants to gauge the direction of the U.S. economy.
Key Facts
- The index uses 2017 as its base year.
- It covers approximately 75% of total industrial production.
- The index is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly change in the total industrial production of the U.S. manufacturing, mining, and utility sectors.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of the overall health and direction of the U.S. economy, providing insights into industrial activity, capacity utilization, and economic growth.
Q: How is this data collected or calculated?
A: The data is compiled by the Federal Reserve based on monthly surveys of production across key industries.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market participants closely monitor the Index 2017=100 to assess the state of the U.S. economy and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUBN21U100000000), retrieved from FRED.