Labor Compensation for Retail Trade: Direct Selling Establishments (NAICS 4543) in the United States
Percent Change from Year Ago
IPUHN4543L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.30
Year-over-Year Change
-175.44%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' tracks the year-over-year change in manufacturing production, providing insight into the pace of industrial activity.
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
This series measures the percent change in the Federal Reserve's Industrial Production: Total Index compared to the same month in the previous year. It is a key economic indicator used to gauge the health and trajectory of the U.S. manufacturing sector.
Methodology
The data is calculated by the Federal Reserve from its monthly Industrial Production and Capacity Utilization survey.
Historical Context
Policymakers and analysts monitor this trend to understand broader economic conditions and make informed decisions.
Key Facts
- The index uses 2017 as the base year.
- Percent change is calculated as the current month's value divided by the previous year's value, minus 1.
- Positive values indicate expansion, while negative values signal contraction in manufacturing output.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the year-over-year change in the Federal Reserve's Industrial Production Index, which measures the output of U.S. manufacturers, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and direction of the U.S. manufacturing sector, which is a key driver of economic growth. It is closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve from its monthly Industrial Production and Capacity Utilization survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the overall state of the economy and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve, with a typical lag of around 15-20 days after the end of the reference month.
Related Trends
Real Sectoral Output for Retail Trade: Tire Dealers (NAICS 441320) in the United States
IPUHN441320T011000000
Hours Worked for Retail Trade: Florists (NAICS 4531) in the United States
IPUHN4531L010000000
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IPUHN443141L200000000
Sectoral Output for Retail Trade: Clothing and Clothing Accessories Stores (NAICS 448) in the United States
IPUHN448T300000000
Real Sectoral Output for Retail Trade: Furniture Stores (NAICS 44211) in the United States
IPUHN44211T010000000
Unit Labor Costs for Retail Trade: Gasoline Stations with Convenience Stores (NAICS 44711) in the United States
IPUHN44711U101000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN4543L021000000), retrieved from FRED.