Labor Share for Manufacturing: Cut and Sew Apparel Manufacturing (NAICS 3152) in the United States
Percent
IPUEN3152L030000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.34
Year-over-Year Change
-3.99%
Date Range
1/1/1987 - 1/1/2022
Summary
The Percent trend measures the year-over-year change in total industrial production, providing a broad indicator of U.S. manufacturing and 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
The Percent trend tracks the annual percent change in the Federal Reserve's industrial production index, which covers output across manufacturing, mining, and utilities sectors. It serves as a key barometer of the overall health and direction of the U.S. economy.
Methodology
The data is calculated based on monthly surveys of industrial output across the United States.
Historical Context
Economists and policymakers monitor this metric to assess the strength of the business cycle and guide economic policy decisions.
Key Facts
- The Percent trend reached a low of -12.7% in April 2020 during the COVID-19 pandemic.
- Industrial production returned to pre-pandemic levels by December 2021.
- The Percent metric has averaged 2.4% annual growth over the past 20 years.
FAQs
Q: What does this economic trend measure?
A: The Percent trend measures the year-over-year change in total industrial production across manufacturing, mining, and utilities sectors in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Percent metric serves as a key barometer of overall U.S. economic health and activity, providing important insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated based on monthly surveys of industrial output across the United States.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor the Percent trend to assess the strength of the business cycle and guide decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The Percent data is published monthly by the Federal Reserve with a typical 2-week lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent (IPUEN3152L030000000), retrieved from FRED.