Output per Worker for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
Percent Change from Year Ago
IPUBN21239W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.80
Year-over-Year Change
33.33%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year change in a specific economic indicator, providing insights 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 compares the current value of an economic indicator to its value from the same period a year earlier, expressed as a percentage change. It is a widely used tool for analyzing economic trends and assessing the health of the broader economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on official government statistics.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the trajectory of the economy and inform decision-making.
Key Facts
- The trend is reported on a monthly basis.
- It can be calculated for a wide range of economic metrics, such as industrial production, consumer prices, and employment.
- Year-over-year comparisons help smooth out seasonal fluctuations in the data.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the year-over-year change in a specific economic indicator, providing insights 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 policymakers, economists, and market analysts to assess the trajectory of the economy and inform decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on official government statistics.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to gauge the health of the economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The trend is reported on a monthly basis, with a typical delay of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN21239W001000000), retrieved from FRED.