Output per Worker for Mining: Support Activities for Mining (NAICS 213) in the United States
Percent Change from Year Ago
IPUBN213W001000000 • 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' indicator measures the year-over-year change in a given economic metric. It is a key statistic used by economists and policymakers to analyze economic trends and performance.
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 data series tracks the annual percent change in a specified economic indicator, providing crucial insights into the pace and direction of economic growth. It is widely used to assess the overall health of the economy and inform policy decisions.
Methodology
The percent change is calculated by comparing the current value of the economic indicator to its value from the same period a year earlier.
Historical Context
This metric is closely monitored by the Federal Reserve and other government agencies to guide monetary and fiscal policies.
Key Facts
- Percent change from year ago is a widely used economic indicator.
- It measures the annual rate of change in a specific economic metric.
- The data is essential for analyzing the pace of economic expansion or contraction.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year percent change in a given economic statistic, providing insight into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: The percent change from year ago is a crucial metric for economists and policymakers as it helps assess the overall health and direction of the economy, informing policy decisions.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current value of the economic indicator to its value from the same period a year earlier.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the Federal Reserve and other government agencies to guide monetary and fiscal policies aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly or quarterly basis, with some potential for minor delays in reporting.
Related Trends
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Sectoral Output for Mining: Support Activities for Mining (NAICS 21311) in the United States
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Labor Productivity for Mining: Support Activities for Mining (NAICS 21311) in the United States
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Sectoral Output Price Deflator for Mining: Support Activities for Mining (NAICS 21311) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN213W001000000), retrieved from FRED.