Employment for Administrative and Support and Waste Management and Remediation Services: Waste Treatment and Disposal (NAICS 56221) in the United States
Percent Change from Year Ago
IPUPN56221W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.40
Year-over-Year Change
750.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' indicator tracks the year-over-year percentage change in the U.S. Industrial Production Index. This metric provides insight into the overall health and performance of the 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 Industrial Production Index measures the real output of U.S. manufacturing, mining, and electric and gas utilities. The year-over-year percent change highlights the rate of growth or decline in industrial activity compared to the prior year, a key economic indicator monitored by analysts and policymakers.
Methodology
The Federal Reserve collects and calculates this index based on monthly surveys of industrial facilities.
Historical Context
The industrial production trend is an important input for Federal Reserve monetary policy decisions and economic growth projections.
Key Facts
- The index covers approximately 75% of total industrial production.
- Industrial production declined sharply during the 2008-2009 recession.
- Manufacturing accounts for over 75% of the total industrial production index.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' indicator tracks the year-over-year percentage change in the U.S. Industrial Production Index, which measures real output across manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the overall health and performance of the U.S. industrial and manufacturing sectors, a key driver of economic growth.
Q: How is this data collected or calculated?
A: The Federal Reserve collects monthly survey data from industrial facilities to calculate the Industrial Production Index and derive the year-over-year percent change.
Q: How is this trend used in economic policy?
A: The industrial production trend is closely monitored by the Federal Reserve and other policymakers as an important indicator for assessing economic conditions and informing monetary policy decisions.
Q: Are there update delays or limitations?
A: The Industrial Production Index is released monthly by the Federal Reserve with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUPN56221W201000000), retrieved from FRED.