Hours Worked for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States
Percent Change from Year Ago
IPUBN212L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.50
Year-over-Year Change
-129.41%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual rate of change in a selected economic indicator, providing insight into long-term 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 indicator to its value from the same period a year earlier, expressed as a percentage change. It is a widely used statistic that helps analysts and policymakers evaluate the momentum and direction of the economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Historical Context
Percent change from a year ago is a key indicator tracked by economists, investors, and policymakers to understand economic performance and make informed decisions.
Key Facts
- The metric is widely used to analyze long-term economic trends.
- Percent change from a year ago helps identify periods of expansion and contraction.
- It provides a standardized way to compare economic indicators over time.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual rate of change in a selected economic indicator, comparing the current value to the same period a year earlier.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, investors, and policymakers to evaluate the momentum and direction of the economy, identifying periods of expansion and contraction.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Q: How is this trend used in economic policy?
A: Percent change from a year ago is a key indicator tracked by policymakers to understand economic performance and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, though there may be some delays in reporting depending on the underlying economic statistics.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN212L201000000), retrieved from FRED.