Hours Worked for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
Percent Change from Year Ago
IPUIN481L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.60
Year-over-Year Change
-186.79%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual change in industrial production, a key indicator of overall economic activity. This metric is closely watched by economists and policymakers to assess the health of the manufacturing sector and broader economy.
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 industrial production index tracks the output of factories, mines, and utilities in the United States. The year-over-year percent change provides insight into the direction and pace of industrial activity relative to the prior year.
Methodology
This data is collected and calculated monthly by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
Industrial production data informs economic analysis and policy decisions, particularly related to monetary policy, business investment, and consumer demand.
Key Facts
- The industrial production index covers approximately 75% of total industrial activity in the U.S.
- Year-over-year production changes can signal turning points in the business cycle.
- Industrial production is a leading economic indicator tracked by the Federal Reserve and private analysts.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual change in the volume of industrial production, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and direction of the manufacturing sector, a key driver of overall economic activity. It is closely monitored by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The Federal Reserve collects production data through surveys of industrial facilities and calculates the year-over-year percent change in the industrial production index.
Q: How is this trend used in economic policy?
A: Industrial production data informs Federal Reserve monetary policy decisions and is used by economists and analysts to assess the business cycle and outlook for the broader economy.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve with a typical lag of around six weeks from the end of the reference period.
Related Trends
Employment for Transportation and Warehousing: Interurban and Rural Bus Transportation (NAICS 485210) in the United States
IPUIN485210W010000000
Labor Compensation for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 48422) in the United States
IPUIN48422L020000000
Labor Compensation for Transportation and Warehousing: General Freight Trucking, Local (NAICS 484110) in the United States
IPUIN484110U110000000
Labor Productivity for Transportation and Warehousing: General Freight Trucking (NAICS 4841) in the United States
IPUIN4841L000000000
Real Sectoral Output for Transportation and Warehousing: Postal Service (NAICS 491110) in the United States
IPUIN491110T011000000
Labor Productivity for Transportation and Warehousing: Postal Service (NAICS 491) in the United States
IPUIN491L000000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN481L201000000), retrieved from FRED.