Hours Worked for Mining: Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (NAICS 21232) in the United States
Percent Change from Year Ago
IPUBN21232L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.90
Year-over-Year Change
512.50%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year percentage change in an economic indicator, providing insight into the pace of economic growth or decline.
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 is widely used by economists and policymakers to analyze economic performance and trends over time. It allows for the identification of accelerating or decelerating growth patterns in key sectors.
Methodology
The data is calculated as the percent change between the current period and the same period one year prior.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions when making monetary policy decisions.
Key Facts
- The metric is calculated as a percentage change from the previous year.
- It is used to track the pace of economic expansion or contraction over time.
- The Federal Reserve closely monitors this trend when setting monetary policy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the year-over-year percentage change in an economic indicator, providing insight into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze economic performance and trends over time, allowing for the identification of accelerating or decelerating growth patterns in key sectors.
Q: How is this data collected or calculated?
A: The data is calculated as the percent change between the current period and the same period one year prior.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other institutions when making monetary policy decisions, as it provides insight into the pace of economic growth or decline.
Q: Are there update delays or limitations?
A: The data is typically updated on a regular schedule, though there may be occasional delays or limitations depending on the source and collection methods.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN21232L201000000), retrieved from FRED.