Employment for Transportation and Warehousing: Pipeline Transportation of Natural Gas (NAICS 48621) in the United States
Percent Change from Year Ago
IPUIN48621W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.40
Year-over-Year Change
77.14%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in U.S. industrial production. It is a key indicator of economic growth and manufacturing health.
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 trend tracks the annual percentage change in the total volume of goods produced by U.S. factories, mines, and utilities. It is a widely-watched barometer of the manufacturing sector and broader economic conditions.
Methodology
The Federal Reserve calculates this index based on monthly surveys of industrial facilities across the country.
Historical Context
Policymakers and analysts closely monitor this data to assess the momentum of the U.S. economy.
Key Facts
- U.S. industrial production accounts for around 15% of GDP.
- The index reached a low of -12.5% during the 2008-2009 recession.
- Manufacturing makes up approximately 75% of the industrial production index.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual percentage change in the total volume of industrial goods produced in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a closely watched barometer of the health and momentum of the U.S. manufacturing sector and broader economy.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on monthly surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this data to assess the overall strength of the U.S. economy and guide fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN48621W201000000), retrieved from FRED.