Employment for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States
Percent Change from Year Ago
IPUBN212W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.60
Year-over-Year Change
-633.33%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' indicator measures the year-over-year change in an economic metric, providing insights into long-term trends and growth patterns.
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 measure is widely used by economists and policymakers to analyze the pace of economic expansion or contraction over time, identifying shifts in consumer and business activity.
Methodology
The percent change is calculated by comparing the current period's value to the corresponding prior-year period.
Historical Context
Tracking percent changes helps inform monetary and fiscal policy decisions.
Key Facts
- Measures year-over-year changes in economic data.
- Provides insights into the pace of economic expansion or contraction.
- Helps inform monetary and fiscal policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' indicator measures the year-over-year change in an economic metric, providing insights into long-term trends and growth patterns.
Q: Why is this trend relevant for users or analysts?
A: This measure is widely used by economists and policymakers to analyze the pace of economic expansion or contraction over time, identifying shifts in consumer and business activity.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current period's value to the corresponding prior-year period.
Q: How is this trend used in economic policy?
A: Tracking percent changes helps inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is updated periodically by the U.S. Federal Reserve, with potential delays depending on the collection and reporting process.
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Hourly Compensation for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
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IPUBN2121U100000000
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN212W201000000), retrieved from FRED.