Hours Worked for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
Percent Change from Year Ago
IPUGN4241L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.60
Year-over-Year Change
-1633.33%
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 the overall health of the economy.
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 trend represents the percent change in a specific indicator compared to the same period a year earlier. It is a widely used metric that allows economists and policymakers to analyze economic performance and identify patterns over time.
Methodology
The data is calculated by the U.S. Federal Reserve based on official government statistics.
Historical Context
Percent change from year ago is a key indicator monitored by central banks, government agencies, and market analysts.
Key Facts
- Percent change from year ago is reported monthly for a variety of economic indicators.
- The metric helps identify long-term shifts in economic conditions and underlying growth patterns.
- Year-over-year comparisons control for seasonal variations and provide a clearer picture of directional changes.
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 industrial production, retail sales, or consumer prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important context for interpreting economic data, allowing analysts to identify long-term growth patterns and assess the overall health of the economy.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates the percent change from year ago based on official government statistical sources.
Q: How is this trend used in economic policy?
A: Percent change from year ago is closely monitored by central banks, government agencies, and market analysts to inform economic policy decisions and track the performance of the overall economy.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a typical lag of 1-2 months from the end of the reference period.
Related Trends
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IPUGN425L010000000
Real Sectoral Output for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238T010000000
Sectoral Output for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424T301000000
Labor Compensation for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
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Unit Labor Costs for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231U100000000
Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4241L201000000), retrieved from FRED.