Output per Worker for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
Percent Change from Year Ago
IPUGN4245W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.30
Year-over-Year Change
-343.33%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in a specific 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 trend tracks the annual percent change in a time series, which allows economists to analyze longer-term shifts and patterns in the data. It is a widely used metric for evaluating the trajectory of the economy over a multi-year period.
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 rely on this trend to monitor economic performance and guide decision-making.
Key Facts
- The percent change from year ago is a widely used economic indicator.
- This metric provides insight into the pace of economic expansion or contraction.
- Analyzing trends in the 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 measures the year-over-year change in a specific economic indicator, providing insight into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists and policymakers to monitor economic performance and guide decision-making, as it allows for the analysis of longer-term shifts and patterns in the data.
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 rely on this trend to monitor economic performance and guide decision-making, as it provides insight into the trajectory of the economy over a multi-year period.
Q: Are there update delays or limitations?
A: The timeliness and availability of this data may vary depending on the specific economic indicator being tracked.
Related Trends
Hourly Compensation for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248U121000000
Hours Worked for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232L201000000
Labor Productivity for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42L000000000
Output per Worker for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238W000000000
Employment for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243W200000000
Hours Worked for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246L200000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4245W001000000), retrieved from FRED.