Hours Worked for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 484210) in the United States
Percent Change from Year Ago
IPUIN484210L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6.30
Year-over-Year Change
-159.43%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year change in industrial production, providing insight into the health and trajectory of the U.S. 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
This economic indicator measures the percent change in the Federal Reserve's Industrial Production Index, which captures the total output of U.S. manufacturing, mining, and utilities. It is a widely watched barometer of industrial activity and economic growth.
Methodology
The industrial production data is collected through surveys of industrial establishments and calculated as an index by the U.S. Federal Reserve.
Historical Context
The percent change in industrial production is a key input for policymakers and analysts assessing the business cycle and guiding macroeconomic decisions.
Key Facts
- The industrial production index covers approximately 75% of the output of the U.S. industrial sector.
- The percent change from a year ago reached a low of -16.5% in April 2020 during the COVID-19 pandemic.
- Industrial production has historically tracked closely with broader economic growth as measured by GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the year-over-year change in the Federal Reserve's Industrial Production Index, which captures the total output of U.S. manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The percent change in industrial production is a key barometer of the health and trajectory of the U.S. manufacturing sector, providing valuable insights for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The industrial production data is collected through surveys of industrial establishments and calculated as an index by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The percent change in industrial production is a closely watched indicator that informs economic policy decisions, as it provides insights into the overall state of the U.S. economy and can guide actions by the Federal Reserve and other policymakers.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical lag of around one month from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN484210L201000000), retrieved from FRED.