Employment for Arts, Entertainment, and Recreation: Performing Arts and Spectator Sports (NAICS 711) in the United States
Percent Change from Year Ago
IPUSN711W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
700.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend tracks the year-over-year change in the U.S. industrial production index, a key indicator 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 metric compares the current month's industrial production index value to the same month in the prior year, providing insight into the pace of economic growth. It is a widely followed indicator by economists, policymakers, and market analysts.
Methodology
The Federal Reserve collects and calculates this index based on survey data from manufacturing, mining, and utility companies.
Historical Context
The percent change in industrial production is a leading indicator used to assess the overall health of the U.S. economy and guide policy decisions.
Key Facts
- The index covers around 75% of total industrial production in the U.S.
- Manufacturing accounts for the largest share of the industrial production index at around 75%.
- The percent change in industrial production is a reliable predictor of GDP growth.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend tracks the year-over-year change in the U.S. industrial production index, which measures the real output of the manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the pace of economic growth and the overall health of the U.S. manufacturing sector, making it a closely watched indicator by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The Federal Reserve collects production data from a sample of manufacturing, mining, and utility companies and calculates the industrial production index, which is then used to derive the year-over-year percent change.
Q: How is this trend used in economic policy?
A: The percent change in industrial production is a leading economic indicator used by the Federal Reserve and other policymakers to assess the state of the economy and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical delay of around 15-20 days after the end of the reference month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUSN711W201000000), retrieved from FRED.