Labor Compensation for Private Nonfarm in Illinois
Index 2017=100
IPUZNU110170000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.15
Year-over-Year Change
57.01%
Date Range
1/1/2007 - 1/1/2024
Summary
The Index 2017=100 measures the monthly change in U.S. industrial production, a key indicator of economic activity and growth.
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 Index 2017=100 tracks changes in the total output of U.S. manufacturing, mining, and electric and gas utilities. It is a widely followed metric for assessing the health and trajectory of the American industrial sector.
Methodology
The data is collected through surveys of industrial facilities and compiled by the U.S. Federal Reserve.
Historical Context
The Index 2017=100 informs economic policymaking and helps analysts understand demand trends across major industries.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- The index has shown steady growth since the 2020 pandemic recession.
- Manufacturing accounts for over 75% of the total industrial production index.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly change in total industrial production across U.S. manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: The industrial production index is a key indicator of economic growth and demand, helping analysts and policymakers assess the health of the industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and compiled by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The Index 2017=100 informs monetary and fiscal policy decisions, as industrial production is closely tied to overall economic activity and employment.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 2-week delay, and the data may be subject to revisions as additional information becomes available.
Related Trends
Average Weekly Earnings of All Employees: Manufacturing in Illinois
SMU17000003000000011
All Employees: Trade, Transportation, and Utilities in Illinois
ILTRADN
Covered Employment in Illinois
ILCEMPLOY
Gross Domestic Product: Arts, Entertainment, Recreation, Accommodation, and Food Services (71, 72) in Illinois
ILARTETRTACCFDNGSP
Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Illinois
MSRSIL441
All Employees: Investigation and Security Services in Illinois
SMU17000006056160001A
Citation
U.S. Federal Reserve, Index 2017=100 (IPUZNU110170000), retrieved from FRED.