Hourly Compensation for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States
Percent Change from Year Ago
IPUPN561510U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.80
Year-over-Year Change
54.22%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual rate of change in U.S. industrial production. It is a key economic indicator used by policymakers and analysts to gauge the health of the manufacturing 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 metric tracks the year-over-year percent change in the Federal Reserve's industrial production index, which covers output from manufacturing, mining, and utilities. It provides insight into the momentum and direction of the industrial economy.
Methodology
The data is calculated based on the monthly industrial production index published by the U.S. Federal Reserve.
Historical Context
Changes in industrial production can inform monetary and fiscal policy decisions that impact employment, consumer prices, and economic growth.
Key Facts
- The industrial production index covers around 75% of total U.S. industrial output.
- The 'Percent Change from Year Ago' trend reached a low of -15.8% in April 2020 during the COVID-19 pandemic.
- Positive annual growth in this metric generally indicates an expanding manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual rate of change in U.S. industrial production, covering manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: Changes in industrial production provide insight into the health and momentum of the manufacturing economy, which is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The data is calculated based on the monthly industrial production index published by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Trends in industrial production can inform monetary and fiscal policy decisions that impact employment, consumer prices, and overall economic growth.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUPN561510U121000000), retrieved from FRED.