Hours Worked for Transportation and Warehousing: Local Messengers and Local Delivery (NAICS 4922) in the United States
Percent Change from Year Ago
IPUIN4922L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.60
Year-over-Year Change
-288.57%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual percent change in the Industrial Production Index, which tracks the total output of U.S. manufacturing, mining, and utilities. This key indicator provides insight into the health and direction of the broader economy.
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 (IPI) is a monthly economic indicator that quantifies the real output of the U.S. industrial sector, including manufacturing, mining, and utilities. The 'Percent Change from Year Ago' metric compares the current month's IPI value to the same month from the previous year, offering a perspective on longer-term production trends.
Methodology
The Federal Reserve collects data from thousands of industrial facilities across the country to calculate the monthly IPI and related metrics.
Historical Context
The 'Percent Change from Year Ago' is closely watched by policymakers, analysts, and investors as a barometer of overall economic conditions.
Key Facts
- The IPI reached a record high of 103.3 in December 2018.
- Manufacturing accounts for approximately 75% of total industrial production.
- The 'Percent Change from Year Ago' metric helps identify economic expansions and contractions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percent change in the Federal Reserve's Industrial Production Index, which tracks the real output of U.S. manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and direction of the broader U.S. economy, as industrial production is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The Federal Reserve collects production data from thousands of industrial facilities across the country to calculate the monthly Industrial Production Index and related metrics.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' is closely monitored by policymakers, economists, and investors as an important indicator of current and future economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The Industrial Production Index data is released monthly by the Federal Reserve, with a typical delay of around 15-20 days after the end of each reference month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN4922L201000000), retrieved from FRED.