Employment for Construction: Building Foundation and Exterior Contractors (NAICS 2381) in the United States
Percent Change from Year Ago
IPUDN2381W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
-77.78%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the annual percent change in U.S. industrial production. This key economic indicator provides insights into manufacturing and overall economic 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
This industrial production trend tracks the year-over-year percent change in the total output of manufacturing, mining, and electric and gas utilities in the United States. It is a widely-followed barometer of the nation's industrial health and can signal shifts in economic conditions.
Methodology
The data is compiled monthly by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
Policymakers and analysts use this metric to evaluate the strength of the manufacturing sector and broader economy.
Key Facts
- The series dates back to 1919.
- Manufacturing accounts for about 75% of the industrial production index.
- The series has an average annual percent change of 2.7% since 1919.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the annual percent change in total U.S. industrial production, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the health of the manufacturing sector and broader economic conditions. It is closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve compiles this data monthly based on surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this metric to assess the strength of manufacturing and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly with a typical lag of around 15-20 days after the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUDN2381W201000000), retrieved from FRED.