Hourly Compensation for Mining: Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (NAICS 21232) in the United States
Percent Change from Year Ago
IPUBN21232U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.10
Year-over-Year Change
0.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual percent change in U.S. industrial production. It is a key indicator of economic growth and manufacturing health.
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 economic trend tracks the year-over-year percent change in the Federal Reserve's U.S. Industrial Production index, providing insight into the pace of industrial activity and manufacturing output across the economy.
Methodology
The data is calculated based on monthly surveys of industrial facilities by the U.S. Federal Reserve.
Historical Context
Analysts and policymakers monitor this indicator to assess the strength of the manufacturing sector and broader economic conditions.
Key Facts
- The index covers manufacturing, mining, and utilities production.
- The annual change reflects the pace of industrial activity.
- The data is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in U.S. industrial production, providing insight into the strength of the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The percent change in industrial production is a closely watched metric that helps assess the overall health of the economy and can inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on monthly surveys of industrial facilities conducted by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to gauge the performance of the manufacturing sector and broader economic conditions, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical lag of around one month from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN21232U121000000), retrieved from FRED.