Unit Labor Costs for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
Percent Change from Year Ago
IPUGN42U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
-26.67%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the year-over-year percent change in the total industrial production index for the United States. It is a key indicator of overall manufacturing activity 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
The industrial production index tracks changes in the total volume of industrial output, including manufacturing, mining, and utilities. The year-over-year percent change provides insight into the pace and direction of industrial sector expansion or contraction.
Methodology
The Federal Reserve collects this data through surveys of industrial facilities across the country.
Historical Context
Policymakers and analysts closely monitor this indicator to gauge the health of the U.S. economy.
Key Facts
- The index covers around 300 individual industrial products.
- Industrial production accounts for about 15% of the U.S. GDP.
- The index has a base year of 2017 = 100.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in the total industrial production index for the United States, which tracks changes in the volume of manufacturing, mining, and utilities output.
Q: Why is this trend relevant for users or analysts?
A: The industrial production index is a key indicator of overall economic activity and growth, providing insights into the health and direction of the U.S. industrial sector.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data through surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to gauge the strength of the U.S. economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical delay of around one month.
Related Trends
Labor Compensation for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248U110000000
Hourly Compensation for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425U120000000
Unit Labor Costs for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232U100000000
Sectoral Output Price Deflator for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248T051000000
Sectoral Output for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232T301000000
Employment for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424W200000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN42U101000000), retrieved from FRED.