Labor Compensation for Mining: Stone Mining and Quarrying (NAICS 21231) in the United States
Percent Change from Year Ago
IPUBN21231L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.60
Year-over-Year Change
1050.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual rate of change in a given economic indicator. This metric is widely used by economists and policymakers to analyze trends and assess the health of the 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 in a specific economic statistic, such as industrial production or employment. It provides insights into the momentum and direction of economic activity over the long term.
Methodology
The percent change is calculated by comparing the current value of the indicator to its value from the same period in the previous year.
Historical Context
Monitoring this trend can inform decisions around monetary and fiscal policy, as well as business and investment strategies.
Key Facts
- This metric is calculated as the percent change between the current value and the value from the same period one year prior.
- The 'Percent Change from Year Ago' is a widely tracked economic indicator used to assess the health and direction of the economy.
- This trend data is published monthly by the U.S. Federal Reserve as part of its industrial production and capacity utilization statistics.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual rate of change in a specific economic indicator, such as industrial production or employment levels.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the momentum and direction of economic activity, which can inform decisions around monetary and fiscal policy, as well as business and investment strategies.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current value of the indicator to its value from the same period in the previous year.
Q: How is this trend used in economic policy?
A: Monitoring the 'Percent Change from Year Ago' can help economists and policymakers assess the health of the economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The 'Percent Change from Year Ago' data is published monthly by the U.S. Federal Reserve, with a typical release lag of 4-6 weeks.
Related Trends
Unit Labor Costs for Mining: Coal Mining (NAICS 2121) in the United States
IPUBN2121U100000000
Hourly Compensation for Mining: Coal Mining (NAICS 2121) in the United States
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Real Sectoral Output for Mining: Metal Ore Mining (NAICS 2122) in the United States
IPUBN2122T010000000
Labor Compensation for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
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Sectoral Output Price Deflator for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
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Hourly Compensation for Mining: Support Activities for Mining (NAICS 2131) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN21231L021000000), retrieved from FRED.