Labor Compensation for Mining: Mining (NAICS 21) in the United States
Percent Change from Year Ago
IPUBN21L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.10
Year-over-Year Change
-50.96%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago measures the year-over-year change in an economic indicator, providing insight into long-term trends and supporting economic analysis.
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 calculates the percent change in a given indicator compared to the same period in the previous year. It is widely used by economists and policymakers to identify sustained shifts in the economy and inform decision-making.
Methodology
The data is calculated by the U.S. Federal Reserve based on the underlying indicator series.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the health and trajectory of the overall economy.
Key Facts
- The percent change from year ago can signal a sustained economic expansion or contraction.
- This metric helps identify periods of high or low inflation relative to the prior year.
- Analyzing the trend over time provides insights into the pace and direction of economic activity.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the year-over-year change in an economic indicator, such as employment, consumer prices, or industrial production.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to identify sustained shifts in the economy and 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 series.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to assess the health and trajectory of the overall economy.
Q: Are there update delays or limitations?
A: The Percent Change from Year Ago data is published regularly by the Federal Reserve, with minimal delays, providing timely insights into economic conditions.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN21L021000000), retrieved from FRED.