Hours Worked for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) in the United States
Percent Change from Year Ago
IPUPN56151L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.20
Year-over-Year Change
-557.14%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in industrial production for the U.S. manufacturing sector. This metric is a key indicator of economic health and industry-level activity.
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 'Percent Change from Year Ago' for industrial production tracks the annual rate of change in the total output of U.S. factories, mines, and utilities. It is a widely followed data point that provides insight into the overall momentum of the manufacturing economy.
Methodology
The data is collected through monthly surveys of industrial facilities and then calculated as the percent change from the same month in the prior year.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess the strength of the U.S. industrial and manufacturing sectors.
Key Facts
- U.S. industrial production accounts for about 20% of the nation's GDP.
- Manufacturing makes up over 75% of total U.S. industrial production.
- The all-time high for this metric was 8.5% in March 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual rate of change in total industrial production, including factories, mines, and utilities, for the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the overall health and momentum of the U.S. manufacturing and industrial sectors, which are crucial drivers of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of industrial facilities and then calculated as the percent change from the same month in the prior year.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this trend to assess the strength of the U.S. industrial base and inform decisions around monetary, fiscal, and trade policies.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical delay of about a month and a half from the end of the reference period.
Related Trends
Labor Compensation for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 561720) in the United States
IPUPN561720L020000000
Hours Worked for Administrative and Support and Waste Management and Remediation Services: Office Administrative Services (NAICS 561110) in the United States
IPUPN561110L010000000
Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Employment Placement Agencies and Executive Search Services (NAICS 56131) in the United States
IPUPN56131T050000000
Output per Worker for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States
IPUPN561510W001000000
Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) in the United States
IPUPN56151T051000000
Hourly Compensation for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States
IPUPN5615U120000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUPN56151L201000000), retrieved from FRED.