Employment for Administrative and Support and Waste Management and Remediation Services: Investigation and Security Services (NAICS 5616) in the United States
Percent Change from Year Ago
IPUPN5616W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.20
Year-over-Year Change
120.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the annual change in an economic indicator. It provides insight into the trajectory and momentum of key data points like industrial production, retail sales, and inflation.
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 shows the year-over-year percent change for a time series, allowing analysts to identify growth patterns and compare a metric's current state to the prior year. It is a commonly used statistic for evaluating economic performance and forecasting.
Methodology
The percent change is calculated as the current period's value minus the prior year's value, divided by the prior year's value.
Historical Context
Economists and policymakers monitor this data to understand broader economic conditions and inform decisions.
Key Facts
- The 'Percent Change from Year Ago' metric is seasonally adjusted.
- It is published monthly by the U.S. Federal Reserve.
- Year-over-year comparisons help mitigate the effects of seasonality.
FAQs
Q: What does this economic trend measure?
A: This metric measures the percent change in an economic indicator compared to the same period a year earlier. It provides insight into the trajectory and momentum of key data points.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the year-over-year percent change is crucial for evaluating economic performance, identifying growth patterns, and informing policy decisions.
Q: How is this data collected or calculated?
A: The percent change is calculated as the current period's value minus the prior year's value, divided by the prior year's value.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely follow this data to understand broader economic conditions and trends, which informs their decisions and policy actions.
Q: Are there update delays or limitations?
A: This data is published monthly by the U.S. Federal Reserve with a typical lag of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUPN5616W201000000), retrieved from FRED.