Labor Compensation for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
Percent Change from Year Ago
IPUGN4245L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.60
Year-over-Year Change
192.31%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual change in industrial production. It is a key indicator of economic growth and manufacturing output.
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 industrial production index. It provides insight into the overall health and momentum of the U.S. manufacturing sector.
Methodology
The data is calculated based on the Federal Reserve's monthly survey of industrial production.
Historical Context
The 'Percent Change from Year Ago' is closely monitored by economists and policymakers to assess economic conditions and guide policy decisions.
Key Facts
- The series has been tracked since 1919.
- Manufacturing accounts for about 11% of U.S. GDP.
- In 2022, industrial production rose 3.5% year-over-year.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the annual percent change in the Federal Reserve's industrial production index, providing insight into the health of the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as a key indicator of economic growth and the strength of the manufacturing industry.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly survey of industrial production.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' is used by analysts and policymakers to assess current economic conditions and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve, with a typical release delay of several weeks.
Related Trends
Output per Worker for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249W001000000
Hourly Compensation for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423U121000000
Unit Labor Costs for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421U100000000
Hourly Compensation for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234U120000000
Unit Labor Costs for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233U101000000
Real Sectoral Output for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423T010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4245L021000000), retrieved from FRED.