Employment for Transportation and Warehousing: Nonscheduled Air Transportation (NAICS 48121) in the United States
Percent Change from Year Ago
IPUIN48121W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.20
Year-over-Year Change
-940.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year change in the U.S. Industrial Production Index, a key indicator of manufacturing activity and economic performance.
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 trend calculates the percent change in the Industrial Production Index compared to the same month a year earlier. It provides insight into the direction and pace of industrial production, a critical component of GDP.
Methodology
The Federal Reserve collects and calculates the Industrial Production Index data monthly.
Historical Context
Policymakers and analysts closely monitor this trend to assess the health of the U.S. manufacturing sector and broader economy.
Key Facts
- The Industrial Production Index tracks output from manufacturing, mining, and utilities sectors.
- The percent change trend compares the latest month to the same month a year earlier.
- Industrial production is a leading indicator of overall economic activity.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the year-over-year change in the U.S. Industrial Production Index, providing insight into the direction and pace of manufacturing activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by policymakers and economists as an important indicator of the health of the U.S. manufacturing sector and the broader economy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates the monthly Industrial Production Index data, from which the year-over-year percent change is derived.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to assess the performance of the manufacturing sector and inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Industrial Production Index data is released monthly by the Federal Reserve with a typical delay of around a month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN48121W201000000), retrieved from FRED.