Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
Percent Change from Year Ago
IPUGN4242W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.80
Year-over-Year Change
-166.67%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year change in an economic indicator, providing insight into the pace and direction of economic trends.
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 measure compares the current value of an economic indicator to its value from the same period a year earlier, expressing the change as a percentage. It is widely used by economists and policymakers to assess the strength and trajectory of the economy.
Methodology
The percent change is calculated by taking the difference between the current and year-ago values, and dividing by the year-ago value.
Historical Context
The 'Percent Change from Year Ago' is a critical input for gauging economic performance and informing policy decisions.
Key Facts
- Year-over-year changes can highlight turning points in the economy.
- Percent change is commonly used to analyze inflation, output, and other key indicators.
- This metric allows for comparisons across different economic series and time periods.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the year-over-year change in an economic indicator, providing insight into the pace and direction of economic trends.
Q: Why is this trend relevant for users or analysts?
A: This measure is widely used by economists and policymakers to assess the strength and trajectory of the economy, making it a critical input for evaluating economic performance and informing policy decisions.
Q: How is this data collected or calculated?
A: The percent change is calculated by taking the difference between the current and year-ago values, and dividing by the year-ago value.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' is a key indicator that informs decisions made by central banks, governments, and other economic institutions.
Q: Are there update delays or limitations?
A: The timeliness and availability of this data may vary depending on the specific economic indicator being measured.
Related Trends
Sectoral Output Price Deflator for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235T050000000
Sectoral Output for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231T301000000
Labor Compensation for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241L021000000
Sectoral Output for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248T301000000
Hourly Compensation for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245U120000000
Output per Worker for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233W000000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4242W201000000), retrieved from FRED.