Employment for Construction: Other Heavy and Civil Engineering Construction (NAICS 2379) in the United States
Percent Change from Year Ago
IPUDN2379W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.60
Year-over-Year Change
194.74%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual change in industrial production for the U.S. manufacturing sector. This metric is a key economic indicator used by policymakers and analysts to assess manufacturing activity and overall economic health.
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 year-over-year percent change in the Federal Reserve's monthly index of U.S. manufacturing output. This provides insight into the momentum and direction of the manufacturing component of the broader economy.
Methodology
The data is calculated based on the Federal Reserve's monthly survey of industrial production.
Historical Context
Analysts and policymakers monitor this metric to gauge the strength of the U.S. manufacturing sector and its contribution to economic growth.
Key Facts
- Manufacturing accounts for ~12% of U.S. GDP.
- Percent change from year ago hit a peak of 7.8% in March 2022.
- Downturns in this metric can signal an economic recession.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the annual change in the Federal Reserve's index of U.S. industrial production, providing a gauge of manufacturing sector activity.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insight into the momentum and direction of the manufacturing component of the U.S. economy, which is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly survey of industrial production.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to assess the health of the manufacturing sector and its contribution to the broader economy, informing decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUDN2379W201000000), retrieved from FRED.