Labor Compensation for Utilities: Utilities (NAICS 22) in the United States
Percent Change from Year Ago
IPUCN22L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
1.45%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the percent change in the U.S. industrial production index from the same month a year ago. It provides insight into broader manufacturing and industrial sector activity.
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 in industrial production is a widely tracked economic indicator that reflects the health and direction of the U.S. manufacturing and industrial sectors. It is used by economists and policymakers to assess overall economic conditions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on a monthly survey of industrial facilities.
Historical Context
This trend is closely monitored by the Federal Reserve and analysts for its implications on monetary policy and economic growth.
Key Facts
- The industrial production index covers manufacturing, mining, and utilities.
- Year-over-year growth reflects broader trends rather than month-to-month volatility.
- The Fed uses this metric to monitor the pace of economic recovery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percent change in the U.S. industrial production index compared to the same month a year earlier. It provides insight into the overall health and direction of the manufacturing and industrial sectors.
Q: Why is this trend relevant for users or analysts?
A: The percent change in industrial production is a closely watched economic indicator that helps assess the pace of economic growth and the performance of the manufacturing and industrial sectors.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by the U.S. Federal Reserve based on a survey of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this metric to gauge the overall health of the economy and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve with a typical lag of around a month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUCN22L021000000), retrieved from FRED.