Average Hourly Earnings of All Employees: Total Private in Iowa
Annual
SMU19000000500000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.51
Year-over-Year Change
41.47%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the average annual growth rate of total manufacturing production in the United States. It is a key indicator of the health and performance of the U.S. manufacturing sector.
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 Annual trend tracks the year-over-year percent change in total manufacturing output, providing insights into the production capacity and productivity of U.S. factories. Economists and policymakers closely monitor this metric to assess the broader industrial and economic climate.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of manufacturing establishments.
Historical Context
The Annual trend helps inform decisions around monetary and fiscal policies aimed at supporting the manufacturing industry.
Key Facts
- The Annual trend reached a peak of 6.7% in 2014.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The COVID-19 pandemic caused a sharp decline in the Annual trend in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual growth rate of total manufacturing production in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of the health and performance of the U.S. manufacturing sector, which is an important driver of economic growth and a major focus of policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: The Annual trend helps inform decisions around monetary and fiscal policies aimed at supporting the manufacturing industry and the broader economy.
Q: Are there update delays or limitations?
A: The Annual trend data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Annual (SMU19000000500000003A), retrieved from FRED.