Output per Worker for Mining: Metal Ore Mining (NAICS 2122) in the United States
Percent Change from Year Ago
IPUBN2122W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.80
Year-over-Year Change
-18.31%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annualized rate of change in an economic indicator compared to the same period one year prior. This provides valuable insight into the direction and pace of economic activity.
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 trend calculates the year-over-year percent change for a wide range of economic indicators, such as industrial production, retail sales, and employment. Economists and policymakers closely monitor these year-ago comparisons to assess the strength and trajectory of the economy.
Methodology
The data is calculated by the U.S. Federal Reserve using published indicator values from the current and prior year periods.
Historical Context
Policymakers and market analysts utilize this trend to inform economic forecasting, monetary policy decisions, and investment strategies.
Key Facts
- The trend is published monthly by the U.S. Federal Reserve.
- Year-ago percent changes provide a perspective on economic momentum.
- The data is widely used by economists, policymakers, and investors.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend calculates the annualized rate of change in an economic indicator compared to the same period one year prior.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the direction and pace of economic activity, helping economists, policymakers, and investors assess the strength and trajectory of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using published indicator values from the current and prior year periods.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts utilize this trend to inform economic forecasting, monetary policy decisions, and investment strategies.
Q: Are there update delays or limitations?
A: The trend is published monthly by the U.S. Federal Reserve, with data available for a wide range of economic indicators.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN2122W001000000), retrieved from FRED.