Unit Labor Costs for Transportation and Warehousing: Specialized Freight Trucking (NAICS 4842) in the United States
Percent Change from Year Ago
IPUIN4842U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-92.31%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures the year-over-year percent change in an industrial production index. It provides insight into the overall health and growth 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
The Percent Change from Year Ago index tracks the annual rate of change in industrial production, a key indicator of economic activity. It is used by economists, policymakers, and analysts to gauge the momentum and direction of the manufacturing industry.
Methodology
The data is calculated by the U.S. Federal Reserve based on the monthly Industrial Production Index.
Historical Context
This trend is closely monitored for its implications on monetary and fiscal policy decisions.
Key Facts
- The index reached a high of 8.1% in March 2022.
- Manufacturing accounts for about 11% of U.S. GDP.
- The index fell to -5.9% during the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in the U.S. industrial production index, providing insight into the growth and health of the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The Percent Change from Year Ago index is a key indicator used by economists, policymakers, and market analysts to assess the momentum and direction of the U.S. manufacturing industry.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on the monthly Industrial Production Index.
Q: How is this trend used in economic policy?
A: This trend is closely monitored for its implications on monetary and fiscal policy decisions, as the manufacturing sector is a significant driver of overall economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve, with a typical release lag of around 15 days after the end of the reference month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN4842U101000000), retrieved from FRED.