Unit Labor Costs for Mining: Coal Mining (NAICS 2121) in the United States
Percent Change from Year Ago
IPUBN2121U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.60
Year-over-Year Change
125.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the annual percent change in an economic indicator, providing insights into long-term trends and the overall health of the U.S. economy.
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 data series tracks the year-over-year percent change for a variety of economic indicators, such as industrial production, employment, and consumer prices. Economists and policymakers use this information to identify patterns, assess economic performance, and inform policy decisions.
Methodology
The percent change is calculated by comparing the current value of an indicator to its value from one year prior.
Historical Context
Tracking year-over-year trends is crucial for understanding the broader economic landscape and informing macroeconomic policies.
Key Facts
- The percent change metric is widely used by economists and policymakers.
- Year-over-year data provides insights into long-term economic trends.
- This metric can signal changes in consumer demand, production, and inflation.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the annual percent change in an economic indicator, such as industrial production, employment, or consumer prices.
Q: Why is this trend relevant for users or analysts?
A: Tracking year-over-year percent changes is crucial for understanding broader economic patterns, assessing performance, and informing policy decisions.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current value of an indicator to its value from one year prior.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to identify long-term trends, evaluate the overall health of the economy, and inform macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly or quarterly basis, with some potential for slight delays in reporting.
Related Trends
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Output per Worker for Mining: Oil and Gas Extraction (NAICS 2111) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN2121U101000000), retrieved from FRED.