Employment for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
Percent Change from Year Ago
IPUIN482111W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
-70.37%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic indicator tracks the year-over-year change in the US Industrial Production Index for Mining. This measure is closely watched by economists and policymakers to gauge trends in the US industrial 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 Percent Change from Year Ago indicator measures the annual rate of change in the US Industrial Production Index for Mining. This provides insight into the momentum and health of the US mining industry, an important component of the overall industrial economy.
Methodology
The data is collected and calculated by the US Federal Reserve based on surveys of industrial production.
Historical Context
Analysts and policymakers use this metric to assess the business cycle and inform economic policies.
Key Facts
- Mining accounts for 11% of total US industrial production.
- The Percent Change from Year Ago hit a low of -15.1% in April 2020 during the COVID-19 recession.
- Mining production has shown strong recovery, with the annual growth rate reaching 19.4% as of December 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' indicator tracks the annual rate of change in the US Industrial Production Index for the Mining sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and momentum of the US mining industry, which is an important component of the overall industrial economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on surveys of industrial production.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the business cycle and inform economic policies related to the industrial sector.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical lag of around a month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN482111W201000000), retrieved from FRED.