Hours Worked for Transportation and Warehousing: Support Activities for Air Transportation (NAICS 4881) in the United States
Percent Change from Year Ago
IPUIN4881L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.50
Year-over-Year Change
N/A%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' tracks the annual change in the Industrial Production: Manufacturing (NAICS) index, a key indicator of U.S. manufacturing activity and economic 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 measures the year-over-year percent change in the Federal Reserve's Industrial Production: Manufacturing index, which covers output from factories, mines, and utilities. It provides insight into the performance and trajectory of the U.S. manufacturing sector.
Methodology
The data is calculated by the Federal Reserve based on surveys of industrial production.
Historical Context
Analysts and policymakers monitor this indicator to gauge the strength of the manufacturing economy and its influence on overall economic growth.
Key Facts
- The index covers around 75% of total industrial production in the United States.
- The percent change metric shows the year-over-year rate of change in manufacturing output.
- Positive values indicate expanding manufacturing activity, while negative values signal contraction.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the annual change in the Industrial Production: Manufacturing (NAICS) index, a key indicator of U.S. manufacturing activity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and trajectory of the U.S. manufacturing sector, which is a critical driver of overall economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on surveys of industrial production.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this indicator to gauge the strength of the manufacturing economy and its influence on overall economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical release lag of around 2 months.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN4881L201000000), retrieved from FRED.