Hours Worked for Transportation and Warehousing: School and Employee Bus Transportation (NAICS 4854) in the United States
Percent Change from Year Ago
IPUIN4854L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.20
Year-over-Year Change
-330.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual rate of change in the U.S. Industrial Production Index, providing insight into the health and growth of the overall industrial 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
This series tracks the year-over-year percent change in the total output of the U.S. industrial sector, including manufacturing, mining, and utilities. It serves as an important economic indicator for economists and policymakers monitoring industrial activity and capacity utilization.
Methodology
The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial output.
Historical Context
Policymakers and analysts use this metric to assess the overall state of the U.S. economy and guide decisions on fiscal and monetary policy.
Key Facts
- The U.S. industrial sector accounts for approximately 20% of GDP.
- Manufacturing makes up about 75% of the industrial production index.
- The index reached a low of -13.7% during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual rate of change in the U.S. Industrial Production Index, providing insight into the overall health and growth of the industrial sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and market participants as an indicator of the broader state of the U.S. economy and industrial activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial output.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the overall health of the U.S. economy and inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve with a typical delay of around one month.
Related Trends
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IPUIN481P000000000
Output per Worker for Transportation and Warehousing: General Warehousing and Storage (NAICS 493110) in the United States
IPUIN493110W001000000
Hours Worked for Transportation and Warehousing: Pipeline Transportation of Crude Oil (NAICS 48611) in the United States
IPUIN48611L200000000
Employment for Transportation and Warehousing: Refrigerated Warehousing and Storage (NAICS 49312) in the United States
IPUIN49312W201000000
Hours Worked for Transportation and Warehousing: Postal Service (NAICS 4911) in the United States
IPUIN4911L010000000
Real Sectoral Output for Transportation and Warehousing: General Freight Trucking, Local (NAICS 484110) in the United States
IPUIN484110T010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN4854L201000000), retrieved from FRED.