Real Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 561720) in the United States
Percent Change from Year Ago
IPUPN561720T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.70
Year-over-Year Change
34.29%
Date Range
1/1/1988 - 1/1/2022
Summary
The Percent Change from Year Ago measures the year-over-year change in a specific economic indicator. This trend provides valuable insights into the pace and direction 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
The Percent Change from Year Ago compares the current value of an economic metric to its value from the same period a year earlier. This helps analysts and policymakers identify emerging trends and evaluate the performance of the broader economy.
Methodology
This metric is calculated by the U.S. Federal Reserve based on underlying economic data.
Historical Context
The Percent Change from Year Ago is widely used by economists, investors, and policymakers to inform decisions and assess economic conditions.
Key Facts
- The Percent Change from Year Ago can signal economic expansion or contraction.
- This metric is calculated monthly by the U.S. Federal Reserve.
- Analyzing year-over-year changes helps identify longer-term trends.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the year-over-year change in a specific economic indicator, providing insights into the pace and direction of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, investors, and policymakers to evaluate economic performance and inform decisions.
Q: How is this data collected or calculated?
A: The Percent Change from Year Ago is calculated by the U.S. Federal Reserve based on underlying economic data.
Q: How is this trend used in economic policy?
A: The Percent Change from Year Ago is used by policymakers to assess the state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The Percent Change from Year Ago is published monthly, with a typical delay of several weeks.
Related Trends
Unit Labor Costs for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States
IPUPN56172U100000000
Hours Worked for Administrative and Support and Waste Management and Remediation Services: Remediation and Other Waste Services (NAICS 5629) in the United States
IPUPN5629L010000000
Labor Compensation for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States
IPUPN56172L020000000
Employment for Administrative and Support and Waste Management and Remediation Services: Waste Collection (NAICS 56211) in the United States
IPUPN56211W201000000
Hours Worked for Administrative and Support and Waste Management and Remediation Services: Investigation and Security Services (NAICS 5616) in the United States
IPUPN5616L010000000
Hours Worked for Administrative and Support and Waste Management and Remediation Services: Facilities Support Services (NAICS 5612) in the United States
IPUPN5612L201000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUPN561720T011000000), retrieved from FRED.