Labor Compensation for Utilities: Natural Gas Distribution (NAICS 2212) in the United States
Percent Change from Year Ago
IPUCN2212L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.70
Year-over-Year Change
-51.04%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual percent change in the production of major manufacturing industries, providing insight into the health and direction 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
This economic indicator tracks the year-over-year percent change in the Federal Reserve's Industrial Production Index, which serves as a key gauge of U.S. manufacturing output. It is closely monitored by economists, policymakers, and analysts to assess the momentum and trajectory of the nation's industrial activity.
Methodology
The data is calculated based on the Federal Reserve's monthly surveys of manufacturing facilities.
Historical Context
This metric is widely used to inform economic policy decisions and business investment strategies.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The index covers production in mining, utilities, and manufacturing.
- Annual percent changes can signal turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percent change in the production of major manufacturing industries in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and direction of the U.S. industrial sector, which is a key driver of economic growth and a critical factor for policymakers and investors to monitor.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly surveys of manufacturing facilities.
Q: How is this trend used in economic policy?
A: This metric is widely used to inform economic policy decisions and business investment strategies, as it reflects the overall strength and trajectory of the nation's industrial activity.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes this data on a monthly basis, with a typical release delay of around 15 days after the end of the reference month.
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Employment for Utilities: Utilities (NAICS 22) in the United States
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Hourly Compensation for Utilities: Natural Gas Distribution (NAICS 221210) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUCN2212L021000000), retrieved from FRED.