Labor Productivity for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
Percent Change from Year Ago
IPUGN4245L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.60
Year-over-Year Change
111.76%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in an economic indicator, providing insight into broader trends and the pace of economic growth.
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 is widely used by economists and policymakers to analyze the performance of the U.S. economy. It allows for comparison of the current value of an indicator to the same period from the previous year, highlighting acceleration or deceleration in economic activity.
Methodology
The data is calculated as the percent change between the current value and the value from 12 months prior.
Historical Context
Policymakers and market analysts closely monitor these year-over-year changes to inform decisions and forecasts.
Key Facts
- Measures the annual percent change in an economic indicator.
- Provides insight into the pace and direction of economic trends.
- Widely used by economists and policymakers to analyze the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the year-over-year change in an economic indicator, allowing for analysis of the pace and direction of economic trends.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess the performance of the U.S. economy and inform decisions and forecasts.
Q: How is this data collected or calculated?
A: The data is calculated as the percent change between the current value and the value from 12 months prior.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor these year-over-year changes to understand the broader economic landscape and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published regularly, but may be subject to revisions or delays depending on the source.
Related Trends
Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210T300000000
Labor Compensation for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424U110000000
Output per Worker for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236W001000000
Sectoral Output Price Deflator for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231T051000000
Labor Compensation for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232L020000000
Sectoral Output Price Deflator for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245T051000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4245L001000000), retrieved from FRED.