Unit Labor Costs for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
Percent Change from Year Ago
IPUGN423U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.10
Year-over-Year Change
-310.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year 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 compares the current value of an economic variable to its value from the same period a year earlier, expressed as a percentage change. It is a widely used indicator for analyzing economic trends and informing policy decisions.
Methodology
The data is calculated by the U.S. Federal Reserve by comparing the current month's value to the same month's value from the previous year.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the strength and direction of the economy.
Key Facts
- The percent change from year ago is a widely used economic indicator.
- It compares the current value to the same period a year earlier.
- This trend provides insight into the pace of economic expansion or contraction.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the year-over-year change in a given economic indicator, providing insight into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, economists, and analysts to gauge the strength and direction of the economy, informing policy decisions and market assessments.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve by comparing the current month's value to the same month's value from the previous year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the pace of economic growth or decline, which informs their decisions and forecasts.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with minimal delays, providing timely insights into economic performance.
Related Trends
Unit Labor Costs for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246U101000000
Unit Labor Costs for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210U100000000
Labor Productivity for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237L001000000
Hours Worked for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243L200000000
Labor Productivity for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248L000000000
Output per Worker for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248W001000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN423U101000000), retrieved from FRED.