Employment for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
Percent Change from Year Ago
IPUGN4232W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.40
Year-over-Year Change
-278.95%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago measures the annual rate of change in industrial production for the U.S. manufacturing sector. This metric provides insight into the health and growth trajectory of American manufacturing 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 tracks the year-over-year percent change in the Federal Reserve's industrial production index for the overall U.S. manufacturing industry. It serves as a key indicator of the momentum and direction of the manufacturing economy.
Methodology
The data is calculated based on the Federal Reserve's monthly industrial production survey.
Historical Context
Analysts and policymakers monitor this trend to assess the strength and resilience of the U.S. manufacturing sector.
Key Facts
- Annual manufacturing production growth averaged 2.3% from 2010-2019.
- The index fell by 6.3% year-over-year at the height of the COVID-19 pandemic in 2020.
- Manufacturing accounts for about 11% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago tracks the annual rate of change in U.S. industrial production for the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth trajectory of American manufacturing, a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly industrial production survey.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess the strength and resilience of the U.S. manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with typical release lags of 1-2 months.
Related Trends
Employment for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231W200000000
Sectoral Output for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239T301000000
Hourly Compensation for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42U121000000
Real Sectoral Output for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238T011000000
Hourly Compensation for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425U120000000
Hourly Compensation for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4232W201000000), retrieved from FRED.