Output per Worker for Mining: Support Activities for Mining (NAICS 2131) in the United States
Percent Change from Year Ago
IPUBN2131W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-9.60
Year-over-Year Change
-228.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago metric tracks the year-over-year percentage change in an economic indicator. It provides insights into the momentum and direction of economic trends over time.
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 compares the current value of an economic variable to its value one year prior, expressed as a percentage change. It is a widely used indicator that helps economists and policymakers analyze the pace and trajectory of economic growth, inflation, and other key phenomena.
Methodology
The data is calculated by the U.S. Federal Reserve as the percent difference between the current month's value and the value from the same month in the previous year.
Historical Context
Percent Change from Year Ago is a crucial input for assessing the overall health of the economy and informing monetary and fiscal policy decisions.
Key Facts
- The percent change is calculated as the current value minus the prior year value, divided by the prior year value.
- Positive percent changes indicate economic expansion, while negative percent changes signal contraction.
- This metric is widely used to track the trajectory of key economic indicators like GDP, employment, and consumer prices.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago metric measures the year-over-year percentage change in an economic indicator, providing insights into the pace and direction of economic trends.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial input for assessing the overall health of the economy and informing monetary and fiscal policy decisions by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve as the percent difference between the current month's value and the value from the same month in the previous year.
Q: How is this trend used in economic policy?
A: Percent Change from Year Ago is used by economists, policymakers, and market analysts to track the trajectory of key economic indicators and inform decisions related to monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Percent Change from Year Ago data is published monthly by the Federal Reserve, with a typical release lag of around one month.
Related Trends
Real Sectoral Output for Mining: Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (NAICS 21232) in the United States
IPUBN21232T010000000
Hourly Compensation for Mining: Metal Ore Mining (NAICS 2122) in the United States
IPUBN2122U121000000
Hours Worked for Mining: Oil and Gas Extraction (NAICS 2111) in the United States
IPUBN2111L201000000
Employment for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
IPUBN2123W010000000
Sectoral Output Price Deflator for Mining: Support Activities for Mining (NAICS 2131) in the United States
IPUBN2131T050000000
Hourly Compensation for Mining: Metal Ore Mining (NAICS 2122) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN2131W001000000), retrieved from FRED.