Employment for Arts, Entertainment, and Recreation: Performing Arts Companies (NAICS 7111) in the United States
Percent Change from Year Ago
IPUSN7111W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
14.29%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' indicator measures the year-over-year change in industrial production, providing insights into the pace of economic activity and manufacturing output.
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 key industrial production metric tracks the percentage change in the total output of U.S. factories, mines, and utilities compared to the same month a year earlier. It is a widely followed economic indicator used to assess the health and trajectory of the manufacturing sector.
Methodology
The Federal Reserve collects and calculates this data based on monthly surveys of industrial facilities across the country.
Historical Context
Economists and policymakers closely monitor this trend to gauge the strength of the overall economy and inform decisions on interest rates, fiscal policy, and other interventions.
Key Facts
- The U.S. industrial production index has a base year of 2017.
- This metric covers output from factories, mines, and utilities.
- Year-over-year changes can signal a manufacturing expansion or contraction.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' indicator tracks the year-over-year percentage change in total industrial production in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and direction of the manufacturing sector, which is a key driver of overall economic activity.
Q: How is this data collected or calculated?
A: The Federal Reserve collects data through monthly surveys of industrial facilities and calculates the year-over-year percent change.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to assess the strength of the economy and inform decisions on interest rates, fiscal policy, and other interventions.
Q: Are there update delays or limitations?
A: The Federal Reserve releases this data on a monthly basis, with a typical lag of around one month from the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUSN7111W201000000), retrieved from FRED.