Labor Compensation for Other Services (Except Public Administration): Hair, Nail, and Skin Care Services (NAICS 81211) in the United States
Percent Change from Year Ago
IPUUN81211L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.90
Year-over-Year Change
-73.97%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual rate of change in industrial production. It provides insight into the overall health and performance of the U.S. 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 series tracks the year-over-year percent change in total industrial production, which encompasses manufacturing, mining, and utilities. It is a key economic indicator used to assess the strength and trajectory of industrial activity.
Methodology
The Federal Reserve collects and calculates this data from surveys of industrial establishments.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge inflationary pressures and the broader state of the economy.
Key Facts
- Industrial production accounts for around 20% of U.S. GDP.
- The index reached an all-time high in December 2021.
- This data is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual rate of change in total industrial production, which includes manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the overall health and performance of the U.S. industrial sector, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The Federal Reserve collects data from surveys of industrial establishments and calculates the year-over-year percent change in total industrial production.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to assess inflationary pressures and the broader state of the economy, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This data is released monthly by the Federal Reserve, with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81211L021000000), retrieved from FRED.