Labor Compensation for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) in the United States
Millions of Dollars
IPUIN48412L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73,489.57
Year-over-Year Change
59.50%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the value of industrial production in the United States, providing insight into the overall health 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 Millions of Dollars trend tracks the dollar value of industrial production, which encompasses the output of factories, mines, and utilities. This metric is a key indicator of economic activity and is closely monitored by policymakers and market analysts.
Methodology
The data is collected through surveys of industrial producers and calculated by the U.S. Federal Reserve.
Historical Context
The Millions of Dollars trend is used to assess the strength of the U.S. economy and inform policy decisions.
Key Facts
- The Millions of Dollars trend reached a record high in 2018.
- Industrial production accounts for about 20% of the U.S. GDP.
- The trend is published monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Millions of Dollars trend measures the total dollar value of industrial production in the United States, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the overall health and performance of the U.S. economy, particularly the manufacturing and industrial sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial producers and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The Millions of Dollars trend is closely monitored by policymakers and market analysts to assess the strength of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The Millions of Dollars trend is published monthly by the Federal Reserve, with a typical release delay of around 15 days.
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Citation
U.S. Federal Reserve, Millions of Dollars (IPUIN48412L020000000), retrieved from FRED.