Employment for Administrative and Support and Waste Management and Remediation Services: Business Support Services (NAICS 5614) in the United States
Percent Change from Year Ago
IPUPN5614W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.50
Year-over-Year Change
-273.08%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual rate of change in manufacturing production. This metric is closely watched by economists and policymakers to gauge the health and direction of the U.S. industrial sector.
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 total output of U.S. manufacturing facilities. It provides a broad indicator of the industrial economy's performance and can signal shifts in consumer and business demand, productivity, and broader economic conditions.
Methodology
The data is calculated by the Federal Reserve based on survey responses from manufacturing establishments.
Historical Context
Policymakers and analysts use this metric to inform decisions around monetary policy, fiscal stimulus, and other interventions.
Key Facts
- The series is published monthly by the Federal Reserve.
- A positive annual change indicates expanding industrial output.
- The metric helps signal broader economic trends and cycles.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual rate of change in total U.S. manufacturing production.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the health and performance of the industrial sector, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this metric based on survey responses from manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to inform decisions around monetary policy, fiscal stimulus, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of a few weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUPN5614W201000000), retrieved from FRED.