Hours Worked for Retail Trade: Book Stores and News Dealers (NAICS 4512) in the United States
Percent Change from Year Ago
IPUHN4512L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.50
Year-over-Year Change
-117.73%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in U.S. industrial production. This metric is a key indicator of economic growth and manufacturing 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' series tracks the annual percentage change in total industrial production, which includes manufacturing, mining, and utilities output. This data provides insight into the momentum and trajectory of the U.S. industrial sector.
Methodology
The data is calculated by the Federal Reserve based on surveys of industrial establishments.
Historical Context
This trend is widely followed by economists, policymakers, and market analysts to assess the strength of the broader economy.
Key Facts
- Industrial production accounts for around 20% of U.S. GDP.
- The U.S. is the world's second-largest manufacturer after China.
- Manufacturing jobs make up about 8% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percentage change in total U.S. industrial production, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and direction of the U.S. industrial sector, which is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this trend based on survey data collected from industrial establishments across the country.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this indicator to assess the strength of the manufacturing and industrial economy, which informs decision-making and policy actions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN4512L201000000), retrieved from FRED.