Employment for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
Percent Change from Year Ago
IPUBN2123W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.40
Year-over-Year Change
-182.35%
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. It is a key metric used by economists and policymakers to analyze trends and assess economic performance.
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 percentage change metric compares the current value of an indicator to its value one year prior, providing insight into the momentum and trajectory of the underlying economic variable. It is widely referenced for gauging things like consumer prices, industrial production, and other important economic conditions.
Methodology
The percent change is calculated by taking the difference between the current and year-ago values, and then dividing by the year-ago value.
Historical Context
Central banks and government agencies commonly use this indicator to inform policy decisions and communicate economic conditions to the public.
Key Facts
- The percent change from year ago is a seasonally-adjusted metric.
- It is calculated on a wide range of economic variables, from employment to housing starts.
- This indicator helps identify inflection points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual rate of change in a given economic indicator, providing insight into the momentum and trajectory of the underlying variable.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely referenced by economists and policymakers to analyze trends and assess economic performance, informing policy decisions and public communications.
Q: How is this data collected or calculated?
A: The percent change is calculated by taking the difference between the current and year-ago values, and then dividing by the year-ago value.
Q: How is this trend used in economic policy?
A: Central banks and government agencies commonly use this indicator to inform policy decisions and communicate economic conditions to the public.
Q: Are there update delays or limitations?
A: The 'Percent Change from Year Ago' is a seasonally-adjusted metric, with data typically published on a monthly or quarterly basis depending on the underlying economic indicator.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN2123W201000000), retrieved from FRED.