Employment for Transportation and Warehousing: Rail Transportation (NAICS 48211) in the United States
Percent Change from Year Ago
IPUIN48211W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.50
Year-over-Year Change
36.36%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the percent change in industrial production from the same month a year ago. It provides important insights into the pace of U.S. manufacturing activity.
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 metric tracks the year-over-year growth rate in industrial production, which encompasses manufacturing, mining, and utilities. It is a key indicator of the health and momentum of the U.S. industrial sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve through surveys of industrial production.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess the state of the economy.
Key Facts
- Industrial production accounts for about 16% of U.S. GDP.
- The index reached an all-time high in December 2021.
- Percent change from year ago has been positive since June 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percent change in U.S. industrial production, which includes manufacturing, mining, and utilities, compared to the same month a year earlier.
Q: Why is this trend relevant for users or analysts?
A: The percent change from year ago in industrial production is a key indicator of the health and momentum of the U.S. manufacturing sector, providing important insights into economic growth and the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve through surveys of industrial production.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and market analysts to assess the strength of the U.S. industrial sector and the overall pace of economic growth, which informs policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is published monthly by the Federal Reserve, with a typical release lag of around 15 days after the end of the reference month.
Related Trends
Labor Compensation for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 484210) in the United States
IPUIN484210L020000000
Employment for Transportation and Warehousing: Pipeline Transportation of Crude Oil (NAICS 486110) in the United States
IPUIN486110W200000000
Real Sectoral Output for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) in the United States
IPUIN484230T011000000
Unit Labor Costs for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
IPUIN481U101000000
Capital Share for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
IPUIN481C030000000
Sectoral Output for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
IPUIN482111T300000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN48211W201000000), retrieved from FRED.