Labor Compensation for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
Percent Change from Year Ago
IPUIN481L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.40
Year-over-Year Change
88.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year percent change in the U.S. industrial production index, providing insights into manufacturing activity and economic growth.
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 metric tracks the annual change in industrial production, a key indicator of overall economic performance. It is used by economists, policymakers, and market analysts to assess the health and direction of the U.S. manufacturing sector.
Methodology
The industrial production index is calculated by the Federal Reserve based on data collected from manufacturing, mining, and utility companies.
Historical Context
The percent change from a year ago is an important economic indicator that informs monetary and fiscal policy decisions.
Key Facts
- The industrial production index covers approximately 75% of the total industrial output of the United States.
- Year-over-year changes in industrial production often signal turning points in the broader economy.
- The percent change from a year ago reached a low of -15.4% in April 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percent change in the U.S. industrial production index, which tracks the output of the manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health and direction of the U.S. economy, as manufacturing and industrial activity are closely tied to overall economic performance.
Q: How is this data collected or calculated?
A: The industrial production index is calculated by the Federal Reserve based on data collected directly from manufacturing, mining, and utility companies.
Q: How is this trend used in economic policy?
A: The percent change from a year ago in industrial production is closely monitored by policymakers and analysts to inform monetary and fiscal policy decisions that aim to support economic growth and stability.
Q: Are there update delays or limitations?
A: The industrial production data is published monthly by the Federal Reserve, with a typical lag of about one month from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN481L021000000), retrieved from FRED.