Employment for Mining: Support Activities for Mining (NAICS 21311) in the United States
Percent Change from Year Ago
IPUBN21311W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.60
Year-over-Year Change
-143.40%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' indicator tracks the annual change in industrial production, providing insight into manufacturing and economic trends.
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 measures the year-over-year percent change in the Federal Reserve's industrial production index, which covers manufacturing, mining, and utilities. It is a key indicator of economic activity and a barometer for the health of the manufacturing sector.
Methodology
The Federal Reserve collects and calculates the underlying industrial production data through surveys of production facilities.
Historical Context
Policymakers and analysts use this indicator to assess the strength of the industrial economy and inform decisions around monetary and fiscal policy.
Key Facts
- The industrial production index covers approximately 75% of total industrial activity in the United States.
- The year-over-year percent change can signal a potential economic expansion or contraction.
- This indicator is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' indicator tracks the annual change in industrial production, which covers manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and the health of the manufacturing sector, providing insights that inform policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The Federal Reserve collects the underlying industrial production data through surveys of production facilities and calculates the year-over-year percent change.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the strength of the industrial economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: This indicator is released monthly by the Federal Reserve with a typical delay of around six weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN21311W201000000), retrieved from FRED.