Hours Worked for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States
Percent Change from Year Ago
IPUUN81231L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.30
Year-over-Year Change
-124.02%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago measures the year-over-year change in industrial production. It is a key economic indicator used by policymakers and analysts to assess 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 metric tracks the annual rate of change in total industrial output, including manufacturing, mining, and utilities. It provides insight into the overall pace of industrial activity and can signal emerging economic trends and shifts in business investment and consumer demand.
Methodology
The data is calculated by the Federal Reserve based on its monthly industrial production survey.
Historical Context
The Percent Change from Year Ago is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- Industrial production accounts for about 16% of the U.S. economy.
- Positive year-over-year growth signals an expanding manufacturing sector.
- The metric experienced a sharp decline during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago tracks the annual rate of change in total industrial output, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall pace of industrial activity and can signal emerging economic trends and shifts in business investment and consumer demand.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on its monthly industrial production survey.
Q: How is this trend used in economic policy?
A: The Percent Change from Year Ago is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical release lag of around one month.
Related Trends
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IPUUN81292U100000000
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IPUUN8121W001000000
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81231L201000000), retrieved from FRED.