Employment for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
Percent Change from Year Ago
IPUIN481W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.80
Year-over-Year Change
-500.00%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic indicator measures the percent change in a specific industrial production index from the same month a year ago. It provides insight into the rate of growth or decline in industrial activity over time.
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 is a widely tracked metric that compares the current value of an industrial production index to its level 12 months prior. This allows analysts to gauge the momentum and direction of industrial sector performance.
Methodology
The data is calculated based on the Federal Reserve's monthly industrial production surveys.
Historical Context
This trend is closely monitored by policymakers, investors, and economists as a signal of the overall health of the U.S. manufacturing and industrial economy.
Key Facts
- The index reached a recent peak in early 2021 as the economy rebounded from the COVID-19 pandemic.
- Percent change from a year ago bottomed out in mid-2020 due to pandemic-related disruptions.
- This metric provides a timely gauge of the industrial sector's performance compared to the prior year.
FAQs
Q: What does this economic trend measure?
A: The percent change from year ago measures the growth rate of a specific industrial production index compared to its level 12 months earlier.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the momentum and direction of industrial activity, which is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The data is based on the Federal Reserve's monthly surveys of industrial production.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator as a signal of the health of the manufacturing and industrial sectors.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, so it may not fully capture the most recent economic conditions.
Related Trends
Hourly Compensation for Transportation and Warehousing: Truck Transportation (NAICS 484) in the United States
IPUIN484U120000000
Combined Inputs for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
IPUIN482111M011000000
Unit Labor Costs for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 484210) in the United States
IPUIN484210U100000000
Hourly Compensation for Transportation and Warehousing: Postal Service (NAICS 4911) in the United States
IPUIN4911U120000000
Employment for Transportation and Warehousing: Support Activities for Water Transportation (NAICS 4883) in the United States
IPUIN4883W200000000
Employment for Transportation and Warehousing: Support Activities for Water Transportation (NAICS 4883) in the United States
IPUIN4883W010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN481W201000000), retrieved from FRED.