Employment for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
Index 2017=100
IPUGN4244W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.06
Year-over-Year Change
11.54%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the volume of industrial production for the U.S. mining sector. It is a key indicator of economic activity and a valuable tool for policymakers and analysts.
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 physical output of the U.S. mining industry, including extraction of oil, gas, coal, and other minerals. It is a widely-followed metric that provides insight into the health and trends of this vital economic sector.
Methodology
The index is calculated by the Federal Reserve based on surveys of industrial facilities.
Historical Context
The mining index is used to assess the state of the economy and inform policy decisions.
Key Facts
- The base year for the index is 2017.
- Mining accounts for approximately 10% of total U.S. industrial production.
- The index reached a record high in 2022.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the physical volume of industrial production in the U.S. mining sector, including extraction of oil, gas, coal, and other minerals.
Q: Why is this trend relevant for users or analysts?
A: The mining production index is a key indicator of economic activity and provides valuable insights into the health and trends of this vital industry.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve based on surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: The mining production index is used by policymakers, economists, and market analysts to assess the state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve with a typical delay of around 2 weeks.
Related Trends
Labor Compensation for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423L021000000
Real Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421T010000000
Hours Worked for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245L010000000
Hourly Compensation for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246U120000000
Hours Worked for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247L010000000
Labor Productivity for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245L000000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4244W010000000), retrieved from FRED.