Hours Worked for Construction: Land Subdivision (NAICS 237210) in the United States
Percent Change from Year Ago
IPUDN237210L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.60
Year-over-Year Change
-26.32%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in industrial production. This key economic indicator provides insights into the overall health and growth trajectory of the U.S. 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 'Percent Change from Year Ago' for industrial production tracks the annual rate of change in total industrial output, including manufacturing, mining, and utilities. This trend is widely followed by economists, policymakers, and investors to assess the strength and momentum of the U.S. industrial economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
Policymakers and analysts use this metric to inform economic forecasts, monetary policy, and investment decisions.
Key Facts
- Industrial production accounts for approximately 20% of the U.S. GDP.
- The metric has averaged 2.4% annual growth over the past 10 years.
- Percent change from a year ago reached a high of 8.3% in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the annual rate of change in total U.S. industrial production, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insights into the overall health and growth trajectory of the U.S. industrial economy, which is a crucial driver of broader economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform economic forecasts, monetary policy decisions, and investment strategies.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve, with a typical release lag of around two weeks.
Related Trends
Hours Worked for Construction: Construction of Buildings (NAICS 236) in the United States
IPUDN236L010000000
Employment for Construction: Building Finishing Contractors (NAICS 2383) in the United States
IPUDN2383W200000000
Hours Worked for Construction: Residential Building Construction (NAICS 2361) in the United States
IPUDN2361L200000000
Hours Worked for Construction: Building Finishing Contractors (NAICS 2383) in the United States
IPUDN2383L200000000
Employment for Construction: Land Subdivision (NAICS 237210) in the United States
IPUDN237210W200000000
Hours Worked for Construction: Residential Building Construction (NAICS 23611) in the United States
IPUDN23611L010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUDN237210L201000000), retrieved from FRED.