Unit Labor Costs for Information: Wired and Wireless Telecommunications Carriers (NAICS 5173) in the United States
Percent Change from Year Ago
IPUJN5173U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.50
Year-over-Year Change
-215.38%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year change in U.S. industrial production, providing insight into the pace of economic growth and manufacturing activity.
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 industrial production index tracks the monthly output of factories, mines, and utilities in the United States. The percent change from the same month a year ago is a key economic indicator used by policymakers and analysts to monitor the business cycle and inflationary pressures.
Methodology
The data is collected through surveys of industrial facilities and calculated as an index with a base year of 2017.
Historical Context
Policymakers at the Federal Reserve and other institutions closely follow this metric to inform monetary policy decisions.
Key Facts
- The index has a base year of 2017.
- Industrial production accounts for about 20% of the U.S. economy.
- The year-over-year percent change reached a high of 7.5% in March 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the year-over-year change in U.S. industrial production, including factories, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic growth and manufacturing activity, providing important insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated as an index with a base year of 2017.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely follow this metric to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical release lag of around two weeks.
Related Trends
Employment for Information: Periodical Publishers (NAICS 51112) in the United States
IPUJN51112W010000000
Output per Worker for Information: Radio Broadcasting (NAICS 51511) in the United States
IPUJN51511W000000000
Labor Productivity for Information: Wired Telecommunications Carriers (NAICS 517311) in the United States
IPUJN517311L000000000
Real Sectoral Output for Information: Software Publishers (NAICS 51121) in the United States
IPUJN51121T011000000
Labor Compensation for Information: Radio Broadcasting (NAICS 51511) in the United States
IPUJN51511U110000000
Sectoral Output Price Deflator for Information: Cable and Other Subscription Programming (NAICS 51521) in the United States
IPUJN51521T051000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN5173U101000000), retrieved from FRED.