Employment for Transportation and Warehousing: Pipeline Transportation of Crude Oil (NAICS 48611) in the United States
Percent Change from Year Ago
IPUIN48611W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.40
Year-over-Year Change
-16.07%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year change in the US industrial production index, a key indicator of the manufacturing sector's performance.
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 trend measures the percent change in the US industrial production index compared to the same month a year earlier. It is a widely followed metric that provides insight into the health and direction of the manufacturing economy.
Methodology
The data is collected and calculated by the US Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
Policymakers and analysts use this metric to assess the broader economic conditions and make informed decisions.
Key Facts
- The industrial production index covers manufacturing, mining, and utilities.
- The index is a widely followed indicator of the US economy's health.
- Year-over-year comparisons help identify broader production trends.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the year-over-year change in the US industrial production index, a key indicator of the manufacturing sector's performance.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and direction of the US manufacturing economy, which is a crucial driver of overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on monthly surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the broader economic conditions and make informed decisions regarding monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The industrial production index is released monthly by the Federal Reserve, with a typical lag of around a month from the reference period.
Related Trends
Hours Worked for Transportation and Warehousing: Postal Service (NAICS 491110) in the United States
IPUIN491110L200000000
Hours Worked for Transportation and Warehousing: Inland Water Transportation (NAICS 4832) in the United States
IPUIN4832L200000000
Employment for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
IPUIN482111W200000000
Output per Worker for Transportation and Warehousing: Couriers and Messengers (NAICS 492) in the United States
IPUIN492W000000000
Hours Worked for Transportation and Warehousing: Scheduled Air Transportation (NAICS 4811) in the United States
IPUIN4811L010000000
Employment for Transportation and Warehousing: Scenic and Sightseeing Transportation, Water (NAICS 487210) in the United States
IPUIN487210W200000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN48611W201000000), retrieved from FRED.