Labor Compensation for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States
Percent Change from Year Ago
IPUUN81231L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8.70
Year-over-Year Change
-146.77%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year change in U.S. industrial production. This metric is a key indicator of overall economic activity and manufacturing sector performance.
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
The 'Percent Change from Year Ago' is a widely followed indicator that tracks the annual percent change in the Federal Reserve's industrial production index. This index serves as a proxy for the overall health and output of the U.S. manufacturing, mining, and utility sectors.
Methodology
The data is calculated based on the Federal Reserve's monthly industrial production survey.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess the broader state of the U.S. economy.
Key Facts
- The index has a base year of 2017 = 100.
- It covers output from manufacturing, mining, and utilities sectors.
- Percent changes are calculated against the same month in the prior year.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percent change in the Federal Reserve's industrial production index, providing insight into the overall performance of the U.S. manufacturing, mining, and utility sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric is a closely watched indicator of the broader health of the U.S. economy, as industrial production is a key driver of overall economic activity. It helps economists, policymakers, and market participants assess the strength and direction of the manufacturing sector.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly industrial production survey.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' is an important input for policymakers at the Federal Reserve and other government agencies when evaluating the state of the economy and considering appropriate policy responses.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical lag of around one month between the reference period and the publication date.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81231L021000000), retrieved from FRED.