Labor Compensation for Utilities: Electric Power Generation, Transmission and Distribution (NAICS 2211) in the United States
Percent Change from Year Ago
IPUCN2211L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.40
Year-over-Year Change
21.31%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual percent change in the Industrial Production Index for Mining and Utilities. This provides insight into the overall health and production levels of the U.S. industrial 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 (IPI) for Mining and Utilities tracks the monthly output of the mining and utilities industries. The 'Percent Change from Year Ago' metric compares the current month's IPI to the same month a year prior, offering an annualized growth rate that helps analysts assess production trends.
Methodology
The Federal Reserve collects the underlying IPI data through surveys of industrial facilities.
Historical Context
Economists and policymakers monitor industrial production as a key indicator of economic activity and growth.
Key Facts
- The IPI for Mining and Utilities covers about 16% of total U.S. industrial production.
- The 'Percent Change from Year Ago' metric can signal economic expansions and recessions.
- Mining and utilities output is a driver of overall U.S. economic growth.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percent change in the Industrial Production Index for the U.S. mining and utilities industries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the overall health and production levels of the U.S. industrial sector, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The Federal Reserve collects the underlying Industrial Production Index data through surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor industrial production, including mining and utilities output, as an important indicator of economic activity and growth.
Q: Are there update delays or limitations?
A: The Industrial Production Index data is published monthly by the Federal Reserve with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUCN2211L021000000), retrieved from FRED.