Labor Productivity for Mining: Coal Mining (NAICS 21211) in the United States
Percent Change from Year Ago
IPUBN21211L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6.60
Year-over-Year Change
560.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual percent change in an economic indicator like industrial production or consumer prices. It provides insights into the pace of economic growth and inflation.
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 metric compares the current value of an economic indicator to its value one year prior, expressed as a percentage change. It is a widely used tool for economists and policymakers to assess the trajectory of the economy and guide decision-making.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Historical Context
The year-over-year percent change is a key input for monetary and fiscal policy considerations.
Key Facts
- The percent change from a year ago can signal acceleration or deceleration in economic activity.
- This metric is closely watched by the Federal Reserve as an indicator of inflationary pressures.
- Year-over-year comparisons help smooth out seasonal variations in economic data.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percent change in an economic indicator like industrial production or consumer prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the pace of economic growth and inflation, which are critical inputs for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Q: How is this trend used in economic policy?
A: The year-over-year percent change is a key input for monetary and fiscal policy considerations by the Federal Reserve and other policymakers.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the Federal Reserve, with potential lags due to the underlying economic statistics.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN21211L001000000), retrieved from FRED.