Hourly Compensation for Transportation and Warehousing: Specialized Freight Trucking (NAICS 4842) in the United States
Percent Change from Year Ago
IPUIN4842U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.50
Year-over-Year Change
-51.61%
Date Range
1/1/2003 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual change in industrial production. It is a key indicator of economic growth and manufacturing activity in the United States.
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 tracks the year-over-year percent change in the Federal Reserve's industrial production index. It provides insight into the performance and trajectory of the U.S. manufacturing sector, a critical driver of overall economic growth.
Methodology
The Federal Reserve calculates this metric based on its monthly industrial production survey data.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the health of the U.S. economy and guide policy decisions.
Key Facts
- Industrial production accounts for around 20% of U.S. GDP.
- The percent change from a year ago reached a high of 7.5% in 2021.
- Manufacturing activity declined during the COVID-19 pandemic but has since rebounded.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual change in the Federal Reserve's industrial production index, providing insight into the performance of the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by policymakers, economists, and market participants as a barometer of economic growth and the health of the manufacturing industry.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this metric based on its monthly industrial production survey data.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this trend to assess the overall state of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical delay of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN4842U121000000), retrieved from FRED.