Hours Worked for Educational Services: Junior Colleges (NAICS 611210) in the United States
Percent Change from Year Ago
IPUQN611210L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.80
Year-over-Year Change
-84.21%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year change in U.S. industrial production. This key indicator provides insight into the health and direction 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 data series tracks the annual percentage change in the Federal Reserve's industrial production index, which measures the real output of the U.S. manufacturing, mining, and electric and gas utility sectors. It is a widely watched signal of economic activity and a leading indicator for the broader economy.
Methodology
The Federal Reserve collects and calculates this index based on a comprehensive survey of industrial facilities.
Historical Context
Economists and policymakers closely monitor this trend to gauge inflationary pressures, guide monetary policy decisions, and anticipate broader economic conditions.
Key Facts
- The industrial production index covers around 75% of total industrial activity.
- Percent change from a year ago reached a low of -16.5% in April 2020 during the COVID-19 pandemic.
- The index has a base year of 2017 = 100.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percentage change in the Federal Reserve's industrial production index, which tracks real output across the U.S. manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive gauge of the health and direction of the U.S. industrial economy, serving as a key indicator for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The Federal Reserve collects data from a survey of industrial facilities and calculates the industrial production index, from which the year-over-year percent change is derived.
Q: How is this trend used in economic policy?
A: Economists and central bankers closely monitor industrial production trends to assess inflationary pressures, inform monetary policy decisions, and anticipate broader economic conditions.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes this data series monthly, with a typical release lag of around six weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUQN611210L201000000), retrieved from FRED.