Employment for Mining: Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (NAICS 21232) in the United States
Percent Change from Year Ago
IPUBN21232W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.20
Year-over-Year Change
175.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual change in a selected industrial production index. This metric is a key indicator of the U.S. manufacturing sector's health and economic 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 Percent Change from Year Ago is a widely-tracked statistic that compares the current industrial production index to its level one year prior. It provides insights into the pace and direction of manufacturing activity, which is a vital component of the broader U.S. economy.
Methodology
The Federal Reserve calculates this statistic based on its monthly industrial production survey.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the overall strength of the U.S. economy and inform decisions around monetary and fiscal policy.
Key Facts
- The industrial production index tracks the real output of U.S. manufacturing, mining, and electric and gas utilities.
- Year-over-year changes in industrial production signal shifts in the broader economy, from consumer demand to business investment.
- The Percent Change from Year Ago has ranged from -13.3% to +12.5% over the past decade, reflecting the cyclical nature of U.S. manufacturing.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the annual change in the Federal Reserve's industrial production index, which captures the real output of U.S. manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and direction of the U.S. manufacturing sector, which is a critical component of the broader economy. Economists and policymakers closely monitor this trend to assess overall economic growth and inform policy decisions.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the Percent Change from Year Ago based on its monthly industrial production survey, which measures the real output of manufacturing, mining, and utility companies.
Q: How is this trend used in economic policy?
A: The Percent Change from Year Ago is a key input for policymakers at the Federal Reserve and other government institutions when evaluating the state of the U.S. economy and making decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Percent Change from Year Ago data is published monthly by the Federal Reserve with a typical release lag of around 15 days after the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN21232W201000000), retrieved from FRED.