Labor Compensation for Administrative and Support and Waste Management and Remediation Services: Employment Placement Agencies and Executive Search Services (NAICS 56131) in the United States
Index 2017=100
IPUPN56131U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.87
Year-over-Year Change
60.13%
Date Range
1/1/1994 - 1/1/2024
Summary
The Index 2017=100 measures the volume of industrial production in the United States, a key indicator of economic activity 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
The Index 2017=100 tracks the physical output of the U.S. industrial sector, including manufacturing, mining, and utilities. It is a widely-watched metric used by economists, policymakers, and analysts to assess the strength of the American economy.
Methodology
The Federal Reserve collects and calculates this index based on a comprehensive survey of industrial facilities.
Historical Context
The Index 2017=100 provides critical inputs for economic forecasting and analysis of monetary and fiscal policies.
Key Facts
- The index uses 2017 as the base year, with a value of 100.
- Industrial production accounts for approximately 16% of U.S. gross domestic product.
- The index is published monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the volume of industrial production in the United States, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a key indicator of economic activity and manufacturing health, providing important insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates this index based on a comprehensive survey of industrial facilities.
Q: How is this trend used in economic policy?
A: The Index 2017=100 provides critical inputs for economic forecasting and analysis of monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve with a typical one-month delay.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUPN56131U110000000), retrieved from FRED.