Employment for Transportation and Warehousing: Other Transit and Ground Passenger Transportation (NAICS 4859) in the United States
Percent Change from Year Ago
IPUIN4859W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.20
Year-over-Year Change
141.18%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' series measures the annual change in industrial production. This metric is a key indicator of economic growth and a key input for policymakers.
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 industrial production index tracks changes in the real output of U.S. manufacturing, mining, and electric and gas utilities. The year-over-year percent change provides insight into the momentum and trajectory of the industrial sector.
Methodology
The Federal Reserve calculates this index based on monthly surveys of industrial facilities.
Historical Context
Analysts and policymakers closely monitor industrial production to gauge the health of the broader economy.
Key Facts
- Industrial production accounts for about 20% of U.S. GDP.
- The index covers approximately 300 manufacturing, mining, and utility facilities.
- Percent change from a year ago is a widely used metric for monitoring industrial trends.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' series tracks the annual change in the total industrial production index, which covers manufacturing, mining, and utilities in the United States.
Q: Why is this trend relevant for users or analysts?
A: Industrial production is a key indicator of overall economic activity, and the year-over-year percent change provides insight into the momentum and trajectory of the industrial sector.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on monthly surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor industrial production to gauge the health of the broader economy and inform economic policy decisions.
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 six weeks.
Related Trends
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IPUIN49111T010000000
Sectoral Output Price Deflator for Transportation and Warehousing: Postal Service (NAICS 491110) in the United States
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Employment for Transportation and Warehousing: Interurban and Rural Bus Transportation (NAICS 485210) in the United States
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Unit Labor Costs for Transportation and Warehousing: Postal Service (NAICS 49111) in the United States
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Hours Worked for Transportation and Warehousing: Support Activities for Water Transportation (NAICS 4883) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN4859W201000000), retrieved from FRED.