Hours Worked for Transportation and Warehousing: Transit and Ground Passenger Transportation (NAICS 485) in the United States
Percent Change from Year Ago
IPUIN485L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.70
Year-over-Year Change
-341.67%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend tracks the year-over-year change in the U.S. Industrial Production Index, a key indicator of manufacturing activity and economic growth.
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 Industrial Production Index measures the real output of the manufacturing, mining, and electric and gas utility industries. Analyzing year-over-year changes provides insights into the pace and direction of industrial production over time.
Methodology
The Federal Reserve collects and calculates this index based on data from various domestic industries.
Historical Context
Economists and policymakers closely monitor this trend to gauge the health of the U.S. industrial sector and broader economy.
Key Facts
- The Industrial Production Index has a base year of 2017 = 100.
- Manufacturing accounts for over 75% of the total industrial production index.
- Year-over-year changes in industrial production often signal turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend tracks the year-over-year change in the U.S. Industrial Production Index, a key indicator of manufacturing activity and broader economic conditions.
Q: Why is this trend relevant for users or analysts?
A: Monitoring year-over-year changes in industrial production provides important insights into the pace and direction of the U.S. manufacturing sector, which is a vital component of the overall economy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates this index based on data from various domestic industries.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to gauge the health of the U.S. industrial sector and broader economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The Industrial Production Index is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN485L201000000), retrieved from FRED.