Hourly Compensation for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
Percent Change from Year Ago
IPUGN4249U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.50
Year-over-Year Change
9.76%
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, providing insights into the health and 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
This series tracks the percent change in total industrial production compared to the same month of the previous year. It serves as a barometer for the overall performance of U.S. factories, mines, and utilities, and is closely monitored by economists and policymakers.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The 'Percent Change from Year Ago' is a key indicator used to assess the broader economic conditions and can inform monetary and fiscal policy decisions.
Key Facts
- Industrial production accounts for around 20% of the U.S. economy.
- The metric has averaged 2.9% annual growth over the past 20 years.
- Negative year-over-year growth can signal an economic slowdown.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the year-over-year change in total industrial production, which includes factories, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the overall health and performance of the U.S. manufacturing sector, which is a key driver of economic growth. It is closely monitored by economists, policymakers, and market analysts.
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: The 'Percent Change from Year Ago' metric is used by policymakers and central banks to assess broader economic conditions and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical delay of around six weeks.
Related Trends
Hourly Compensation for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247U120000000
Labor Compensation for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236L021000000
Unit Labor Costs for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210U100000000
Output per Worker for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42W000000000
Hours Worked for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232L010000000
Output per Worker for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251W001000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4249U121000000), retrieved from FRED.