Unit Labor Costs for Arts, Entertainment, and Recreation: Golf Courses and Country Clubs (NAICS 713910) in the United States
Percent Change from Year Ago
IPUSN713910U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.30
Year-over-Year Change
119.15%
Date Range
1/1/2003 - 1/1/2022
Summary
This economic trend measures the percent change in industrial production, a key indicator of manufacturing activity and economic health. It provides insight into the momentum and direction of the broader economy.
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 in Industrial Production tracks the year-over-year percent change in the Federal Reserve's monthly industrial production index. This metric helps economists and policymakers assess the strength and trajectory of the manufacturing sector and overall economic growth.
Methodology
The data is calculated based on the Federal Reserve's monthly surveys of industrial facilities.
Historical Context
This trend is widely followed by analysts, investors, and policymakers to gauge the health of the U.S. economy.
Key Facts
- Industrial production accounts for around 20% of U.S. economic output.
- The index covers manufacturing, mining, and utilities sectors.
- This metric can signal turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago in Industrial Production tracks the year-over-year change in the Federal Reserve's monthly index of industrial output.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the momentum and direction of the manufacturing sector and broader economy.
Q: How is this data collected or calculated?
A: The data is based on the Federal Reserve's monthly surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this indicator to assess the health of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly with a typical lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUSN713910U101000000), retrieved from FRED.