Unit Labor Costs for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States
Percent Change from Year Ago
IPUBN212U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.70
Year-over-Year Change
160.98%
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 broader trends and the pace of economic activity.
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 indicator calculates the percent change in a variable compared to the same period in the prior year. It is a widely used economic statistic that helps analysts and policymakers identify growth patterns, inflationary pressures, and other macroeconomic dynamics.
Methodology
The data is calculated by the U.S. Federal Reserve based on the underlying indicator's monthly or quarterly values.
Historical Context
Policymakers and market participants closely monitor year-over-year changes to gauge the trajectory of the economy and inform decision-making.
Key Facts
- Year-over-year changes can signal economic acceleration or deceleration.
- The metric is adjusted for seasonal variations to identify underlying trends.
- The data is released monthly by the Federal Reserve
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 broader trends and the pace of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and market participants to identify growth patterns, inflationary pressures, and other macroeconomic dynamics that inform decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on the underlying indicator's monthly or quarterly values.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor year-over-year changes to gauge the trajectory of the economy and inform their policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with minimal delays, providing timely insights into the state of the economy.
Related Trends
Sectoral Output for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
IPUBN2123T300000000
Output per Worker for Mining: Coal Mining (NAICS 21211) in the United States
IPUBN21211W000000000
Labor Productivity for Mining: Metal Ore Mining (NAICS 2122) in the United States
IPUBN2122L001000000
Real Sectoral Output for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
IPUBN2123T010000000
Labor Compensation for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
IPUBN2123L021000000
Labor Productivity for Mining: Support Activities for Mining (NAICS 213) in the United States
IPUBN213L000000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN212U101000000), retrieved from FRED.