Hours Worked for Other Services (Except Public Administration): Personal and Laundry Services (NAICS 812) in the United States
Percent Change from Year Ago
IPUUN812L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
-52.17%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the year-over-year percent change in U.S. industrial production, providing insights into the health and growth of the overall 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
The Percent Change from Year Ago indicator tracks the annual rate of change in industrial production, which encompasses measures of output from manufacturing, mining, and electric and gas utilities. This metric is a key indicator of economic activity and can inform policy decisions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
Policymakers and analysts use this trend to assess the strength of the U.S. economy and its industrial base.
Key Facts
- Industrial production accounts for about 20% of the U.S. economy.
- The metric tracks changes in output from factories, mines, and utilities.
- Percent change from a year ago is a common measure of year-over-year trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in U.S. industrial production, providing insights into the health and growth of the overall manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The Percent Change from Year Ago indicator is a key metric for assessing the strength of the U.S. economy and its industrial base, informing policy decisions by policymakers and guiding analyses by economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the overall health of the U.S. manufacturing sector and its implications for the broader economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve, with a typical release delay of around two weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN812L201000000), retrieved from FRED.