Hours Worked for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 812210) in the United States
Percent Change from Year Ago
IPUUN812210L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.30
Year-over-Year Change
-180.49%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual rate of change in manufacturing production in the United States. It is a key economic indicator used by policymakers and analysts to assess the health and trajectory of the U.S. industrial 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 monthly economic indicator tracks the year-over-year percent change in the Federal Reserve's Industrial Production Index, which measures the real output of the manufacturing, mining, and electric and gas utility industries. It provides a broad measure of U.S. industrial activity that is closely watched for signs of economic expansion or contraction.
Methodology
The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
The 'Percent Change from Year Ago' trend helps inform monetary and fiscal policies aimed at promoting a healthy manufacturing sector and overall economic growth.
Key Facts
- The trend reached a low of -13.9% in April 2020 due to the COVID-19 pandemic.
- In 2021, the trend rebounded strongly, reaching a high of 5.3% as the economy recovered.
- Manufacturing accounts for about 11% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual rate of change in manufacturing production in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the health and trajectory of the U.S. industrial sector, providing insights that inform economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' trend helps inform monetary and fiscal policies aimed at promoting a healthy manufacturing sector and overall economic growth.
Q: Are there update delays or limitations?
A: The 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 (IPUUN812210L201000000), retrieved from FRED.