Hourly Compensation for Transportation and Warehousing: General Freight Trucking (NAICS 4841) in the United States
Percent Change from Year Ago
IPUIN4841U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.20
Year-over-Year Change
-29.03%
Date Range
1/1/1993 - 1/1/2024
Summary
This economic trend measures the year-over-year percent change in the U.S. industrial production index. It provides important insights into the health and direction of the broader economy.
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 is a widely followed indicator that tracks the annual growth rate of industrial output. It is a key barometer of economic activity and helps analysts and policymakers assess production trends and inflationary pressures.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
This metric is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- The index covers manufacturing, mining, and electric and gas utilities.
- Annual growth rates above 2% are generally considered healthy for the economy.
- Declines in this metric can signal an economic slowdown or recession.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in the U.S. industrial production index, which tracks the output of factories, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The percent change from year ago is a closely watched barometer of economic activity and helps analysts and policymakers assess production trends and inflationary pressures.
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 industrial facilities.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 week delay.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN4841U121000000), retrieved from FRED.