Employment for Transportation and Warehousing: Charter Bus Industry (NAICS 48551) in the United States
Percent Change from Year Ago
IPUIN48551W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.10
Year-over-Year Change
-240.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in industrial production. This key indicator provides insight into the overall health and growth 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
This economic indicator tracks the annual percent change in the Federal Reserve's industrial production index, which measures the real output of the U.S. manufacturing, mining, and electric and gas utility sectors. It is a widely monitored metric used to assess the strength and trajectory of domestic industrial activity.
Methodology
The industrial production data is compiled monthly by the Federal Reserve using surveys and statistical models.
Historical Context
The industrial production trend is closely watched by policymakers, analysts, and investors as a barometer of the broader economy.
Key Facts
- The index measures real output, adjusted for inflation.
- Manufacturing accounts for over 75% of total industrial production.
- The series dates back to 1919, providing historical context.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percent change in the Federal Reserve's industrial production index, a key indicator of manufacturing and overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the strength and direction of the U.S. industrial sector, which is a critical driver of economic growth. It is closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The industrial production data is compiled monthly by the Federal Reserve using surveys and statistical models.
Q: How is this trend used in economic policy?
A: The industrial production trend is a key input for policymakers at the Federal Reserve and other institutions when assessing the overall health of the economy and making decisions about monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The industrial production data is released on a monthly basis, with a typical lag of around 2-3 weeks from the end of the reference month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN48551W201000000), retrieved from FRED.