Employment for Transportation and Warehousing: Taxi and Limousine Service (NAICS 4853) in the United States
Percent Change from Year Ago
IPUIN4853W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.60
Year-over-Year Change
-223.26%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual change in industrial production. It is a key indicator of economic growth and manufacturing activity.
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 strength and momentum of the U.S. industrial sector.
Methodology
The data is calculated based on the Federal Reserve's monthly survey of industrial output.
Historical Context
Analysts and policymakers monitor this trend to assess the health of the broader economy.
Key Facts
- Industrial production accounts for around 20% of the U.S. economy.
- The index covers manufacturing, mining, and utilities sectors.
- Annual growth rates can signal turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in the Federal Reserve's industrial production index, providing insight into the strength of the U.S. manufacturing and industrial sectors.
Q: Why is this trend relevant for users or analysts?
A: The industrial production trend is a key barometer of economic growth, as the manufacturing and industrial sectors are crucial drivers of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly survey of industrial output.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess the health of the broader economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN4853W201000000), retrieved from FRED.