Unit Labor Costs for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
Percent Change from Year Ago
IPUUN81142U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.90
Year-over-Year Change
170.45%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in a key manufacturing output indicator. This provides insight into the pace of industrial production.
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' trend tracks the annual growth rate of the total industrial production index, a widely-followed indicator of U.S. manufacturing activity. Economists and policymakers use this data to assess the broader health and trajectory of the industrial sector.
Methodology
The Federal Reserve calculates this metric from its monthly industrial production survey.
Historical Context
This trend informs analysis of the business cycle, monetary policy, and the manufacturing industry's contribution to the broader economy.
Key Facts
- The industrial production index reached an all-time high in 2022.
- Percent change from a year ago peaked above 10% in 2021.
- The COVID-19 pandemic caused sharp swings in industrial output.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend tracks the annual growth rate of the U.S. total industrial production index.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the pace of manufacturing activity, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this metric from its monthly industrial production survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the manufacturing sector's contribution to the business cycle and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly with a typical lag of around 15-20 days.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81142U101000000), retrieved from FRED.