Employment for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
Percent Change from Year Ago
IPUGN4233W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.90
Year-over-Year Change
-272.73%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year percent change in a given economic indicator. It is a widely used measure of economic performance and trend 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 series represents the annual percent change in a specified economic indicator, such as industrial production or manufacturing output. It is a key statistic for understanding the pace and direction of economic growth over time.
Methodology
The percent change is calculated by comparing the current period's value to the same period one year prior.
Historical Context
Policymakers and analysts closely monitor this trend to assess the health and trajectory of the broader economy.
Key Facts
- Year-over-year percent change is a widely used measure of economic momentum.
- Positive values indicate expansion, while negative values signal economic contraction.
- Analyzing trends in percent change can help identify turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual percent change in a given economic indicator, such as industrial production or manufacturing output.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key statistic for understanding the pace and direction of economic growth over time, and is closely monitored by policymakers and analysts to assess the health of the broader economy.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current period's value to the same period one year prior.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and trajectory of the economy, which informs policy decisions and market expectations.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedules and potential revisions as the underlying economic indicators.
Related Trends
Sectoral Output for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234T300000000
Unit Labor Costs for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237U101000000
Real Sectoral Output for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247T011000000
Labor Productivity for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425L001000000
Output per Worker for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248W001000000
Hours Worked for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236L010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4233W201000000), retrieved from FRED.