Employment for Transportation and Warehousing: Specialized Freight Trucking (NAICS 4842) in the United States
Percent Change from Year Ago
IPUIN4842W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.80
Year-over-Year Change
-113.79%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the year-over-year percent change in the industrial production index for total manufacturing. It provides important insights into the health and direction 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 is a key economic indicator that tracks the annual growth rate in industrial production. It is widely used by economists, policymakers, and market analysts to assess the pace of manufacturing activity and identify broader economic trends.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial production.
Historical Context
This metric is closely monitored for its implications on employment, consumer demand, and overall economic performance.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- The index reached a low of -13.7% during the 2008-2009 recession.
- Annual growth in industrial production averaged 3.8% from 2010-2019.
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 for total manufacturing.
Q: Why is this trend relevant for users or analysts?
A: The percent change in industrial production is a key indicator of the health and direction of the manufacturing sector, which is an important driver of overall economic growth.
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 production.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, economists, and market analysts for insights into employment, consumer demand, and broader economic performance.
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.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN4842W201000000), retrieved from FRED.