Output per Worker for Other Services (Except Public Administration): Hair, Nail, and Skin Care Services (NAICS 81211) in the United States
Percent Change from Year Ago
IPUUN81211W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.50
Year-over-Year Change
40.62%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year change in U.S. industrial production, a key indicator of economic health 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 economic trend measures the annual percent change in the Federal Reserve's industrial production index, which covers output across manufacturing, mining, and utilities sectors. It provides important insights into the momentum and trajectory of the broader U.S. economy.
Methodology
The Federal Reserve collects and calculates this monthly index based on survey data from industrial facilities.
Historical Context
Policymakers and analysts monitor this indicator to assess the strength of the industrial and manufacturing components of the economy.
Key Facts
- The industrial production index covers approximately 75% of total U.S. industrial activity.
- Percent change from a year ago is a widely-used measure of economic growth trends.
- Sustained declines in this metric can signal an impending recession.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual change in the Federal Reserve's industrial production index, covering manufacturing, mining, and utilities output.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the momentum and trajectory of the broader U.S. economy, as industrial production is a key driver of overall economic health.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data through monthly surveys of industrial facilities and calculates the percent change from the same month a year prior.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to assess the strength of the industrial and manufacturing components of the economy, which informs decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical 2-3 week lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81211W001000000), retrieved from FRED.