Hourly Compensation for Transportation and Warehousing: Postal Service (NAICS 491) in the United States
Percent Change from Year Ago
IPUIN491U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.50
Year-over-Year Change
553.85%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual rate of change in the industrial production index, providing insight into the overall health of the U.S. manufacturing sector.
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 indicator tracks the year-over-year percent change in the total industrial production index, which includes output from manufacturing, mining, and utilities. It is a key measure of industrial activity and an important signal of economic conditions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
Economists and policymakers closely monitor this trend to assess the trajectory of the manufacturing economy and guide economic policies.
Key Facts
- The industrial production index covers around 75% of the total industrial output in the United States.
- Percent change from year ago is a widely-used indicator of the manufacturing sector's performance.
- This metric can signal emerging trends in the broader economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the annual rate of change in the total industrial production index, which captures output from manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the health and direction of the U.S. manufacturing sector, an important driver of overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this metric to assess the state of the manufacturing economy and inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The industrial production data is published monthly by the Federal Reserve, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN491U121000000), retrieved from FRED.