Labor Productivity for Mining: Support Activities for Mining (NAICS 2131) in the United States
Percent Change from Year Ago
IPUBN2131L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.20
Year-over-Year Change
-150.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year percentage change in a given economic indicator, providing insight into the pace of economic 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 is widely used by economists and policymakers to analyze the trajectory of the economy, as it helps identify emerging trends and inflationary pressures that may inform policy decisions.
Methodology
The data is calculated by the U.S. Federal Reserve by comparing the current value of an economic indicator to its value from the same period one year prior.
Historical Context
This trend is closely monitored by market analysts, central banks, and government agencies to assess the overall health and direction of the economy.
Key Facts
- The percent change from year ago is calculated on a monthly basis.
- This metric helps identify turning points in the economic cycle.
- It is a leading indicator of future economic performance.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the year-over-year percentage change in an economic indicator, such as industrial production, retail sales, or consumer prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the pace of economic growth or decline, helping analysts and policymakers assess the overall health and direction of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve by comparing the current value of an economic indicator to its value from the same period one year prior.
Q: How is this trend used in economic policy?
A: Central banks, government agencies, and market analysts closely monitor this trend to gauge inflationary pressures and make informed policy decisions, such as adjusting interest rates or fiscal measures.
Q: Are there update delays or limitations?
A: The percent change from year ago data is typically released on a monthly basis, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN2131L001000000), retrieved from FRED.