Hourly Compensation for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) in the United States
Percent Change from Year Ago
IPUPN56151U121000000 • 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' tracks the year-over-year change in industrial production. This metric is a key indicator of economic health and manufacturing 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' measures the annual change in the Federal Reserve's Industrial Production Index, which captures output across manufacturing, mining, and utilities sectors. This trend is widely used by economists and policymakers to assess the strength and direction of the broader economy.
Methodology
The data is compiled by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
Policymakers closely monitor this metric to inform decisions on interest rates, fiscal policy, and other interventions.
Key Facts
- The current year-over-year change is X.X%.
- Industrial production accounts for around 20% of U.S. GDP.
- This metric has averaged Y% growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the annual change in the Federal Reserve's Industrial Production Index, which measures output across manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic health and manufacturing activity, providing insight into the strength and direction of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this metric to inform decisions on interest rates, fiscal policy, and other interventions aimed at supporting economic growth and stability.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 2-week lag, and may be subject to revisions as more complete information becomes available.
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Hourly Compensation for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 561720) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUPN56151U121000000), retrieved from FRED.