Labor Compensation for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
Percent Change from Year Ago
IPUGN425L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.10
Year-over-Year Change
-119.30%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year change in industrial production, providing insights into manufacturing and economic growth.
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 measures the percent change in total industrial production from the same month a year earlier. It is a key economic indicator used to assess the health and trajectory of the U.S. manufacturing sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
Economists and policymakers monitor this trend to gauge the broader economic climate and inform decision-making.
Key Facts
- The percent change reached a peak of 8.5% in March 2022.
- Industrial production accounts for about 16% of the U.S. economy.
- The metric has averaged 2.2% over the past 20 years.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual percent change in total industrial production in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and direction of the U.S. manufacturing sector, which is a key driver of economic growth.
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.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to gauge the broader economic climate and inform decision-making, such as monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of around one month.
Related Trends
Labor Productivity for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241L001000000
Output per Worker for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237W001000000
Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210L020000000
Labor Compensation for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424U110000000
Employment for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239W010000000
Hourly Compensation for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239U120000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN425L021000000), retrieved from FRED.