Hours Worked for Transportation and Warehousing: Scheduled Air Transportation (NAICS 48111) in the United States
Percent Change from Year Ago
IPUIN48111L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
-202.38%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the year-over-year percent change in the Industrial Production: Manufacturing (NAICS) index, a key indicator of the health of the U.S. 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 for Industrial Production: Manufacturing tracks the annual growth rate of manufacturing output. It is a widely-watched metric for economists and policymakers to assess the momentum and trajectory of the U.S. industrial economy.
Methodology
This data is collected and calculated monthly by the U.S. Federal Reserve based on surveys of manufacturing facilities.
Historical Context
The manufacturing sector is a critical driver of economic growth, so this trend provides important insights for economic policy decisions.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The percent change from year ago hit a low of -14.7% in April 2020 during the COVID-19 recession.
- The index has recovered to pre-pandemic levels as of 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in the Federal Reserve's Industrial Production: Manufacturing index, a key indicator of manufacturing output in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing sector is a critical driver of economic growth, so this trend provides important insights for economists, policymakers, and market analysts assessing the overall health and trajectory of the U.S. industrial economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by the U.S. Federal Reserve based on surveys of manufacturing facilities across the country.
Q: How is this trend used in economic policy?
A: This manufacturing output trend is closely monitored by the Federal Reserve and other policymakers to inform decisions around monetary policy, fiscal stimulus, and other measures to support the industrial economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 2-week lag, so it provides relatively timely insights on the manufacturing sector's performance.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN48111L201000000), retrieved from FRED.