Hours Worked for Retail Trade: General Merchandise Stores, Including Warehouse Clubs and Supercenters (NAICS 45231) in the United States
Percent Change from Year Ago
IPUHN45231L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.60
Year-over-Year Change
-214.29%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year percent change in U.S. industrial production. This key indicator provides insight into the health and direction of the 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
The 'Percent Change from Year Ago' tracks the annual percent change in the Federal Reserve's industrial production index, which measures output across the U.S. manufacturing, mining, and utilities industries. This metric is widely used by economists and policymakers to assess the strength and trajectory of the broader economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
Economists and analysts closely monitor this trend to gauge overall economic conditions and guide policy decisions.
Key Facts
- Annual industrial production growth averaged 3.5% from 1972-2021.
- Manufacturing accounts for approximately 75% of total U.S. industrial output.
- The industrial production index reached an all-time high in December 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percent change in U.S. industrial production, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insight into the health and direction of the U.S. economy, particularly the strength of the manufacturing sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess overall economic conditions and guide policy decisions.
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 (IPUHN45231L201000000), retrieved from FRED.