Business Applications for Louisiana
Percent Change from Year Ago
BUSAPPWNSALAYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.64
Year-over-Year Change
-118.92%
Date Range
1/6/2007 - 8/2/2025
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in average weekly earnings for all private business employees. This provides insight into the strength of consumer spending and inflationary pressures.
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 annual percent change in average weekly earnings, a key indicator of labor market conditions and consumer purchasing power. Economists and policymakers use this data to assess the overall health of the U.S. economy.
Methodology
The data is collected through the Current Employment Statistics survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The 'Percent Change from Year Ago' metric helps inform Federal Reserve monetary policy decisions and is closely watched by financial markets.
Key Facts
- The series has been published monthly since 1964.
- Wages grew 5.2% year-over-year as of the latest data.
- The metric reached a low of -3.1% during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' series tracks the annual percent change in average weekly earnings for all private sector employees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer purchasing power and can signal inflationary pressures in the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' in average weekly earnings is closely monitored by the Federal Reserve to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, typically 1-2 months after the reference period.
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Citation
U.S. Bureau of Labor Statistics, Percent Change from Year Ago (BUSAPPWNSALAYY), retrieved from FRED.