Unit Labor Costs for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
Percent Change from Year Ago
IPUGN425U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.00
Year-over-Year Change
-327.27%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago metric tracks the year-over-year change in industrial production, a key indicator of economic activity and 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
This series measures the percent change in total industrial production, which includes output from manufacturing, mining, and utilities. It is a widely-watched economic indicator that provides insight into the overall health and trajectory of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this metric to assess the broader economic climate and inform decisions.
Key Facts
- Industrial production accounts for approximately 20% of U.S. economic output.
- The metric tracks changes in manufacturing, mining, and utilities sectors.
- Percent change from a year ago is a common way to measure industrial production trends.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago metric tracks the year-over-year change in total industrial production, which includes output from manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall health and direction of the U.S. economy, making it a widely-watched indicator for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the broader economic climate and inform decisions around monetary policy, fiscal stimulus, and other economic interventions.
Q: Are there update delays or limitations?
A: The Percent Change from Year Ago data is published monthly by the Federal Reserve with minimal publication delays.
Related Trends
Labor Productivity for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247L001000000
Employment for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423W200000000
Real Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421T010000000
Real Sectoral Output for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243T010000000
Sectoral Output for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239T301000000
Hours Worked for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233L200000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN425U101000000), retrieved from FRED.