Unit Labor Costs for Private Nonfarm in Massachusetts
Percent Change from Year Ago
IPUZNU101250000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.30
Year-over-Year Change
312.50%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the annual percent change in the U.S. Industrial Production Index, a key indicator of manufacturing activity and economic health.
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 Industrial Production Index tracks the total output of U.S. manufacturing, mining, and electric and gas utilities. This year-over-year percent change is a widely followed economic indicator that provides insight into the pace of industrial growth or contraction.
Methodology
The data is calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
This metric is closely watched by policymakers, analysts, and investors to assess the strength of the U.S. economy.
Key Facts
- The Industrial Production Index covers around 75% of total U.S. industrial output.
- Positive year-over-year percent changes signal an expanding manufacturing sector.
- Declines in this metric can precede or coincide with economic recessions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual percent change in the U.S. Industrial Production Index, a key indicator of manufacturing output and broader economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the momentum and direction of the U.S. industrial and manufacturing sectors, which are central to overall economic performance.
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 across the country.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor this indicator to assess the health of the U.S. economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Industrial Production Index 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 (IPUZNU101250000), retrieved from FRED.