Hours Worked for Information: Wired and Wireless Telecommunications Carriers (NAICS 51731) in the United States
Percent Change from Year Ago
IPUJN51731L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.60
Year-over-Year Change
-64.71%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in a selected economic indicator, providing insight into economic growth and trends.
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 series tracks the percent change from the same month a year earlier for the Industrial Production Index. It is a key indicator of economic performance and industrial activity.
Methodology
The data is calculated from the Industrial Production Index, a monthly survey of U.S. manufacturing, mining, and utilities output.
Historical Context
Economists and policymakers use this metric to analyze the pace of economic expansion or contraction.
Key Facts
- The Industrial Production Index covers about 75% of the total industrial output of the United States.
- Year-over-year changes can reveal cyclical trends in the economy.
- The Federal Reserve uses this data to help set monetary policy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the year-over-year percent change in the Industrial Production Index, a key indicator of manufacturing, mining, and utilities output.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the pace of economic expansion or contraction, which is crucial information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated from the monthly Industrial Production Index, a survey of U.S. industrial output conducted by the Federal Reserve.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor changes in industrial production to assess the strength of the economy and inform monetary and fiscal 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 lag of around 15 days after the end of the reference month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN51731L201000000), retrieved from FRED.