Hours Worked for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
Percent Change from Year Ago
IPUGN4245L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.20
Year-over-Year Change
-713.33%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual percent change in industrial production for the U.S. mining sector. This metric is a key indicator of overall economic activity and industrial 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 series tracks the year-over-year percent change in the Federal Reserve's industrial production index for the U.S. mining industry. It provides insights into the health and growth of the mining sector, which is an important component of the broader industrial economy.
Methodology
The data is calculated based on the Federal Reserve's monthly industrial production surveys.
Historical Context
Analysts and policymakers monitor this trend to assess the state of the U.S. mining and industrial sectors.
Key Facts
- The mining sector accounts for around 10% of total U.S. industrial production.
- Annual mining output growth peaked at over 15% in 2011.
- The percent change trend can be volatile due to fluctuations in commodity prices and global demand.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual percent change in U.S. industrial production for the mining sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and growth of the U.S. mining industry, which is a key component of the broader industrial economy.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly industrial production surveys.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess the state of the U.S. mining and industrial sectors, which can inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical lag of around one month.
Related Trends
Real Sectoral Output for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249T011000000
Sectoral Output for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249T300000000
Labor Productivity for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249L001000000
Employment for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425W200000000
Output per Worker for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234W000000000
Labor Productivity for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248L000000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4245L201000000), retrieved from FRED.