Labor Share for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
Percent Change from Year Ago
IPUIN482111L031000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.20
Year-over-Year Change
-468.18%
Date Range
1/1/1988 - 1/1/2023
Summary
The 'Percent Change from Year Ago' series measures the annual percent change in U.S. industrial production. This key economic indicator provides insight into the overall health and direction of the 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 industrial production index tracks changes in the volume of output from U.S. manufacturers, mines, and utilities. The year-over-year percent change offers an important perspective on the pace of industrial activity and can signal broader economic trends.
Methodology
The data is collected through surveys of industrial facilities and calculated as a percent change from the same month in the previous year.
Historical Context
This indicator is closely watched by policymakers, economists, and investors to gauge the momentum of the U.S. economy.
Key Facts
- U.S. industrial production increased by 3.7% in the past year.
- The manufacturing sector accounts for over 75% of total industrial output.
- Industrial production has recovered to pre-pandemic levels as of 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' series tracks the annual percent change in the volume of U.S. industrial production, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides crucial insights into the health and direction of the industrial sector, which is a key driver of overall economic growth and productivity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated as the percent change from the same month in the previous year.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor industrial production trends to assess the broader state of the economy and inform monetary and fiscal policy decisions.
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.
Related Trends
Hourly Compensation for Transportation and Warehousing: Warehousing and Storage (NAICS 493) in the United States
IPUIN493U121000000
Hours Worked for Transportation and Warehousing: Inland Water Transportation (NAICS 4832) in the United States
IPUIN4832L200000000
Employment for Transportation and Warehousing: Rail Transportation (NAICS 4821) in the United States
IPUIN4821W010000000
Output per Worker for Transportation and Warehousing: Refrigerated Warehousing and Storage (NAICS 493120) in the United States
IPUIN493120W000000000
Employment for Transportation and Warehousing: Scenic and Sightseeing Transportation, Water (NAICS 48721) in the United States
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Intermediate Inputs Productivity for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
IPUIN482111P000000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN482111L031000000), retrieved from FRED.