Labor Compensation for Mining: Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (NAICS 21232) in the United States
Percent Change from Year Ago
IPUBN21232L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.20
Year-over-Year Change
115.79%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in industrial production, providing insights into manufacturing and economic activity.
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 industrial production index tracks changes in output across U.S. manufacturing, mining, and utility sectors. Economists and policymakers use it to assess the health and direction of the broader economy.
Methodology
The data is collected through surveys of industrial facilities and calculated as the percent change from the same month in the previous year.
Historical Context
The industrial production index is a key indicator used by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The index covers approximately 75% of the total industrial output of the United States.
- Percent changes are calculated by comparing the current month's index to the same month a year earlier.
- The data is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the year-over-year change in industrial production, providing insights into manufacturing and economic activity.
Q: Why is this trend relevant for users or analysts?
A: The industrial production index is a key indicator used by the Federal Reserve and other institutions to assess the health and direction of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated as the percent change from the same month in the previous year.
Q: How is this trend used in economic policy?
A: The industrial production index is used by the Federal Reserve and other institutions to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN21232L021000000), retrieved from FRED.