Labor Compensation for Retail Trade: Clothing and Clothing Accessories Stores (NAICS 448) in the United States
Percent Change from Year Ago
IPUHN448L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
28.00%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the percent change in industrial production from the previous year. It provides insights into the manufacturing sector's performance and overall economic health.
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 metric tracks the year-over-year fluctuations in industrial production, which includes manufacturing, mining, and utilities. It is a key indicator used by economists and policymakers to assess the strength and direction of the broader economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial establishments.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- Industrial production accounts for around 20% of U.S. economic output.
- Percent change from year ago reached a high of 8.5% in 2021.
- Manufacturing makes up over 75% of total industrial production.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the year-over-year fluctuations in industrial production, which includes manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength and direction of the manufacturing sector, a key driver of the broader U.S. economy. It is closely monitored by economists and policymakers.
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 establishments.
Q: How is this trend used in economic policy?
A: The Percent Change from Year Ago is used by the Federal Reserve and other institutions to inform economic policy decisions, as it provides insights into the health of the manufacturing sector.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve, with a typical delay of around one month.
Related Trends
Sectoral Output Price Deflator for Retail Trade: Automotive Parts and Accessories Stores (NAICS 44131) in the United States
IPUHN44131T051000000
Unit Labor Costs for Retail Trade: Automotive Parts and Accessories Stores (NAICS 44131) in the United States
IPUHN44131U100000000
Sectoral Output Price Deflator for Retail Trade: Furniture Stores (NAICS 4421) in the United States
IPUHN4421T051000000
Labor Productivity for Retail Trade: Nursery, Garden Center, and Farm Supply Stores (NAICS 444220) in the United States
IPUHN444220L001000000
Employment for Retail Trade: Convenience Stores (NAICS 445120) in the United States
IPUHN445120W010000000
Labor Productivity for Retail Trade: Women's Clothing Stores (NAICS 448120) in the United States
IPUHN448120L000000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN448L021000000), retrieved from FRED.