Employment for Mining: Mining (NAICS 21) in the United States
Thousands of Jobs
IPUBN21W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
597.20
Year-over-Year Change
-26.85%
Date Range
1/1/1987 - 1/1/2024
Summary
The Thousands of Jobs trend measures the total number of jobs in the U.S. non-farm business sector. This key economic indicator provides insight into overall employment levels and labor market conditions.
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 Thousands of Jobs metric tracks the number of non-farm jobs in the U.S. private sector, offering a comprehensive view of the labor market. It is a widely followed indicator used by economists, policymakers, and analysts to assess the health and direction of the economy.
Methodology
The data is collected through a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in the Thousands of Jobs trend can influence interest rate decisions, fiscal policy, and consumer confidence.
Key Facts
- The U.S. economy added 250,000 jobs in the most recent month.
- The unemployment rate is currently 3.5%.
- Job growth has averaged 180,000 per month over the past year.
FAQs
Q: What does this economic trend measure?
A: The Thousands of Jobs trend measures the total number of non-farm jobs in the U.S. private sector, providing a comprehensive view of employment levels in the economy.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator is closely watched by policymakers, economists, and market participants as it offers insights into the overall health and direction of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in the Thousands of Jobs trend can influence interest rate decisions, fiscal policy, and consumer confidence, as it provides a snapshot of the broader economy.
Q: Are there update delays or limitations?
A: The Thousands of Jobs data is released monthly with a typical delay of 1-2 weeks. The data may be subject to revisions as more information becomes available.
Related Trends
Employment for Mining: Oil and Gas Extraction (NAICS 2111) in the United States
IPUBN2111W200000000
Hours Worked for Mining: Coal Mining (NAICS 21211) in the United States
IPUBN21211L010000000
Labor Productivity for Mining: Coal Mining (NAICS 21211) in the United States
IPUBN21211L000000000
Hourly Compensation for Mining: Metal Ore Mining (NAICS 2122) in the United States
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Unit Labor Costs for Mining: Mining (NAICS 21) in the United States
IPUBN21U101000000
Sectoral Output Price Deflator for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
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Citation
U.S. Federal Reserve, Thousands of Jobs (IPUBN21W200000000), retrieved from FRED.