Employment for Information: Software Publishers (NAICS 51121) in the United States
Percent Change from Year Ago
IPUJN51121W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.20
Year-over-Year Change
-119.05%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual change in a selected industrial production index. This metric is widely used by economists and policymakers to analyze manufacturing sector health and gauge inflationary pressures.
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 data series tracks the year-over-year percent change in the U.S. industrial production index for nondurable consumer goods. It provides a high-frequency indicator of manufacturing activity and consumer demand trends that informs economic analysis and monetary policy decisions.
Methodology
The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial production.
Historical Context
Policymakers monitor this metric alongside other economic indicators to assess the overall state of the U.S. economy and make informed decisions.
Key Facts
- The index reflects production of nondurable consumer goods like food, clothing, and household items.
- Positive year-over-year growth indicates expanding manufacturing activity and consumer demand.
- The Federal Reserve closely tracks this metric as a leading indicator of inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' series tracks the annual percent change in the U.S. industrial production index for nondurable consumer goods.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a real-time signal of manufacturing sector health and consumer demand, which informs economic analysis and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial production.
Q: How is this trend used in economic policy?
A: Policymakers monitor this and other indicators to assess the overall state of the U.S. economy and make informed decisions, such as setting interest rates.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 week lag from the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN51121W201000000), retrieved from FRED.