Hourly Compensation for Other Services (Except Public Administration): Hair, Nail, and Skin Care Services (NAICS 81211) in the United States
Percent Change from Year Ago
IPUUN81211U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.40
Year-over-Year Change
-105.88%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year change in industrial production, providing insight into the health and direction 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 index tracks the annual rate of change in the total industrial production in the United States, a key indicator of economic activity. Economists and policymakers closely monitor this metric to assess the strength of the manufacturing industry and broader economic conditions.
Methodology
The Federal Reserve calculates this index based on monthly surveys of industrial production.
Historical Context
This trend is widely used to inform economic forecasting and guide policy decisions.
Key Facts
- The index is published monthly by the Federal Reserve.
- The baseline year for the index is 2017 = 100.
- Annual changes in the index reflect the health of the U.S. manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' index measures the annual rate of change in total industrial production in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the strength and direction of the U.S. manufacturing sector, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on monthly surveys of industrial production.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this index to assess the health of the manufacturing industry and inform economic forecasting and policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical 1-2 month delay in the release of the latest data.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81211U121000000), retrieved from FRED.