Hours Worked for Transportation and Warehousing: General Freight Trucking, Local (NAICS 48411) in the United States
Percent Change from Year Ago
IPUIN48411L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.80
Year-over-Year Change
-162.22%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual percentage change in manufacturing production in the United States. It is a key economic indicator used to assess the health and direction of the U.S. 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
This metric tracks the year-over-year growth or decline in manufacturing output, providing insight into the strength and trajectory of the country's manufacturing activities. Economists and policymakers closely monitor this trend to gauge the overall performance of the industrial economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing facilities.
Historical Context
The 'Percent Change from Year Ago' trend is widely referenced in analysis of economic conditions and can inform policy decisions related to the manufacturing industry.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The U.S. is the world's second-largest manufacturer, behind China.
- Fluctuations in manufacturing output can signal broader economic trends.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the annual percentage change in manufacturing production in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and direction of the U.S. industrial sector, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing facilities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to gauge the overall performance of the industrial economy and inform policy decisions related to the manufacturing industry.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical lag of several weeks.
Related Trends
Hours Worked for Transportation and Warehousing: Couriers and Messengers (NAICS 492) in the United States
IPUIN492L200000000
Hourly Compensation for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) in the United States
IPUIN484230U121000000
Hourly Compensation for Transportation and Warehousing: Truck Transportation (NAICS 484) in the United States
IPUIN484U121000000
Labor Productivity for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 48421) in the United States
IPUIN48421L000000000
Output per Worker for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 484210) in the United States
IPUIN484210W000000000
Capital Productivity for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
IPUIN481C001000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN48411L201000000), retrieved from FRED.