Labor Compensation for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States
Percent Change from Year Ago
IPUPN56172L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.30
Year-over-Year Change
13.70%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in industrial production. It provides insights into broader economic activity and production trends.
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 percentage change in industrial production compared to the same month in the previous year. It serves as an important indicator of the manufacturing and industrial sector's performance, offering valuable data for economic analysis and policymaking.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The metric is closely watched by economists, analysts, and policymakers as a gauge of the overall health of the U.S. economy.
Key Facts
- The series dates back to 1919.
- It covers a broad range of industrial sectors, including mining, utilities, and manufacturing.
- Percent change from year ago is a widely used leading economic indicator.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the year-over-year change in industrial production, providing insights into broader economic activity and production trends.
Q: Why is this trend relevant for users or analysts?
A: This metric is a closely watched indicator of the overall health of the U.S. economy, offering valuable data for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' metric is used by economists, analysts, and policymakers as a gauge of the manufacturing and industrial sector's performance, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUPN56172L021000000), retrieved from FRED.