Labor Compensation for Retail Trade: Electronic Shopping and Mail-Order Houses (NAICS 45411) in the United States
Millions of Dollars
IPUHN45411L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62,419.90
Year-over-Year Change
231.31%
Date Range
1/1/1987 - 1/1/2024
Summary
This series measures the value of industrial production in the US, providing a key economic indicator for analysts and policymakers.
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 Millions of Dollars series tracks the total dollar value of industrial production, a vital metric for understanding manufacturing activity, economic growth, and inflationary pressures.
Methodology
The data is collected through surveys of industrial facilities and calculated by the Federal Reserve.
Historical Context
Industrial production figures are closely monitored by the Federal Reserve and other economic institutions to inform policy decisions.
Key Facts
- The series dates back to 1972.
- Manufacturing accounts for 75% of total industrial production.
- Volatile industrial data can signal shifts in the broader economy.
FAQs
Q: What does this economic trend measure?
A: The Millions of Dollars series tracks the total dollar value of industrial production in the United States, providing a key indicator of manufacturing activity and economic growth.
Q: Why is this trend relevant for users or analysts?
A: Industrial production data is closely watched by economists, investors, and policymakers as it offers insights into the health of the manufacturing sector and broader economic conditions.
Q: How is this data collected or calculated?
A: The Federal Reserve collects the data through surveys of industrial facilities and calculates the Millions of Dollars series.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions monitor industrial production figures to inform monetary policy decisions and assess the state of the economy.
Q: Are there update delays or limitations?
A: The Millions of Dollars series is published monthly with a lag of around six weeks, and the data may be subject to revisions as more information becomes available.
Related Trends
Real Sectoral Output for Retail Trade: Building Material and Supplies Dealers (NAICS 4441) in the United States
IPUHN4441T011000000
Labor Compensation for Retail Trade: Vending Machine Operators (NAICS 4542) in the United States
IPUHN4542U110000000
Output per Worker for Retail Trade: Lawn and Garden Equipment and Supplies Stores (NAICS 4442) in the United States
IPUHN4442W001000000
Output per Worker for Retail Trade: Department Stores (NAICS 4522) in the United States
IPUHN4522W000000000
Sectoral Output for Retail Trade: Automotive Parts and Accessories Stores (NAICS 44131) in the United States
IPUHN44131T300000000
Sectoral Output Price Deflator for Retail Trade: Fuel Dealers (NAICS 454310) in the United States
IPUHN454310T050000000
Citation
U.S. Federal Reserve, Millions of Dollars (IPUHN45411L020000000), retrieved from FRED.