Labor Compensation for Mining: Coal Mining (NAICS 21211) in the United States
Percent Change from Year Ago
IPUBN21211L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.50
Year-over-Year Change
-78.26%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' tracks the year-over-year change in industrial production, providing insight into the pace of economic expansion or contraction.
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
This series measures the percent change in industrial production compared to the same month a year earlier. It is a key economic indicator used by policymakers and analysts to gauge the overall health of the manufacturing sector and broader economy.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of industrial facilities.
Historical Context
Percent change from a year ago is closely monitored for signs of inflationary pressures or recessionary risks.
Key Facts
- Industrial production accounts for around 20% of U.S. GDP.
- The series dates back to 1919, providing a long-term view of economic cycles.
- Percent change from a year ago smooths out month-to-month volatility.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the year-over-year change in industrial production, providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This series is a key economic indicator used by policymakers and analysts to gauge the overall health of the manufacturing sector and broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Percent change from a year ago is closely monitored for signs of inflationary pressures or recessionary risks, informing decisions by the Federal Reserve and other policymakers.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short delay, providing timely insights into the state of the economy.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN21211L021000000), retrieved from FRED.