Hours Worked for Arts, Entertainment, and Recreation: Golf Courses and Country Clubs (NAICS 71391) in the United States
Percent Change from Year Ago
IPUSN71391L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
-1166.67%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year change in industrial production, providing insight into the pace of economic growth and manufacturing activity.
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 measures the percent change in total industrial production compared to the same month in the previous year. It is a key economic indicator used by policymakers and analysts to assess the health and trajectory of the U.S. manufacturing sector.
Methodology
The Federal Reserve collects and calculates this data based on monthly surveys of industrial facilities.
Historical Context
Economists and investors closely monitor this trend to gauge the overall strength of the economy and inform policy decisions.
Key Facts
- Industrial production accounts for around 20% of U.S. economic output.
- The percent change metric can signal a potential recession when it turns negative.
- Sustained growth in industrial production is a sign of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the year-over-year change in total industrial production in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the overall health and momentum of the U.S. manufacturing sector, which is a crucial driver of economic growth.
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 metric to assess the state of the economy and inform decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The industrial production data is published monthly by the Federal Reserve, with a typical release lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUSN71391L201000000), retrieved from FRED.