Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Australia
Annual, Seasonally Adjusted
LRIN64TTAUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.63
Year-over-Year Change
-16.70%
Date Range
1/1/1979 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted total industrial production index for the United States. It is a key indicator of overall economic activity and manufacturing health.
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 tracks changes in the real output of manufacturing, mining, and electric and gas utilities. It is a widely followed metric for assessing the state of the U.S. economy and gauging business cycle trends.
Methodology
The data is collected through surveys of industrial facilities and calculated by the Federal Reserve.
Historical Context
Policymakers and analysts use this index to monitor the performance and trajectory of the U.S. industrial sector.
Key Facts
- The index has a base year of 2017 = 100.
- Industrial production accounts for about 16% of U.S. GDP.
- The index reached an all-time high in December 2021.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted total industrial production index for the United States, which tracks changes in the real output of manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The industrial production index is a widely followed metric for assessing the state of the U.S. economy and gauging business cycle trends, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated by the Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor the performance and trajectory of the U.S. industrial sector, which is an important driver of overall economic activity.
Q: Are there update delays or limitations?
A: The industrial production index is published monthly by the Federal Reserve with a typical delay of around one month.
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DDDM10AUA156NWDB
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRIN64TTAUA156S), retrieved from FRED.