Employment for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
Percent Change from Year Ago
IPUBN21239W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
-170.83%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in an economic indicator, providing insight into long-term trends and the overall 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 economic trend tracks the percent change in a given indicator compared to the same period in the previous year. It is a widely used metric that helps economists and policymakers analyze the direction and pace of economic growth or decline over time.
Methodology
The percent change is calculated by comparing the current period's value to the corresponding period's value from the previous year.
Historical Context
This metric is valuable for evaluating the performance of industries, markets, and the broader economy.
Key Facts
- It is a widely used metric in economic analysis.
- The percent change is calculated on a year-over-year basis.
- It provides insight into the direction and pace of economic changes.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the year-over-year change in an economic indicator, providing insight into long-term trends and the overall health of the economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is valuable for evaluating the performance of industries, markets, and the broader economy, and helps economists and policymakers analyze the direction and pace of economic growth or decline over time.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current period's value to the corresponding period's value from the previous year.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and market analysts to assess the overall health and direction of the economy, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data for this metric is subject to the same update schedules and potential revisions as the underlying economic indicators it is based on.
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Sectoral Output Price Deflator for Mining: Oil and Gas Extraction (NAICS 2111) in the United States
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Labor Compensation for Mining: Oil and Gas Extraction (NAICS 211) in the United States
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Sectoral Output for Mining: Mining (NAICS 21) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN21239W201000000), retrieved from FRED.