Employment for Transportation and Warehousing: Interurban and Rural Bus Transportation (NAICS 485210) in the United States
Percent Change from Year Ago
IPUIN485210W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.80
Year-over-Year Change
46.15%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual rate of change in industrial production. This metric is a key indicator of overall economic activity and manufacturing health.
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' indicator tracks the year-over-year percent change in the total industrial production index, which covers manufacturing, mining, and utilities. It provides insight into the pace of growth or contraction in the industrial sector.
Methodology
The Federal Reserve collects and calculates this index based on survey data from a sample of industrial establishments.
Historical Context
Economists and policymakers monitor this trend to assess the broader health of the economy and make informed decisions.
Key Facts
- The industrial production index covers approximately 75% of the output of the U.S. industrial sector.
- The annual change in industrial production is a leading indicator of overall economic activity.
- Positive year-over-year growth in this metric generally signals an expanding economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual rate of change in the Federal Reserve's industrial production index, which covers manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the pace of growth or contraction in the industrial sector, which is a key driver of overall economic activity. It is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The Federal Reserve collects data from a sample of industrial establishments and calculates the industrial production index, from which the year-over-year percent change is derived.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this indicator to assess the health of the manufacturing sector and the broader economy, which informs decision-making on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical lag of about a month and a half from the end of the reference period.
Related Trends
Output per Worker for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 48423) in the United States
IPUIN48423W000000000
Hours Worked for Transportation and Warehousing: School and Employee Bus Transportation (NAICS 4854) in the United States
IPUIN4854L200000000
Hours Worked for Transportation and Warehousing: Nonscheduled Air Transportation (NAICS 48121) in the United States
IPUIN48121L200000000
Unit Labor Costs for Transportation and Warehousing: Postal Service (NAICS 4911) in the United States
IPUIN4911U100000000
Employment for Transportation and Warehousing: Pipeline Transportation of Crude Oil (NAICS 486110) in the United States
IPUIN486110W200000000
Hourly Compensation for Transportation and Warehousing: General Warehousing and Storage (NAICS 493110) in the United States
IPUIN493110U121000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN485210W201000000), retrieved from FRED.