Hours Worked for Administrative and Support and Waste Management and Remediation Services: Waste Management and Remediation Services (NAICS 562) in the United States
Percent Change from Year Ago
IPUPN562L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.50
Year-over-Year Change
2150.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual percentage change in an economic indicator, providing insight into long-term trends and growth rates.
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 series tracks the year-over-year percent change in a given economic metric, enabling analysts to identify sustained shifts in the underlying indicator beyond short-term fluctuations. It is a key tool for assessing the pace and direction of economic activity.
Methodology
The percent change is calculated by comparing the current value to the value from the same period one year prior.
Historical Context
Policymakers and investors closely monitor these annual growth rates to inform economic forecasting and decision-making.
Key Facts
- Year-over-year data provides a longer-term perspective than month-over-month changes.
- Annual percent changes help smooth out short-term volatility in economic metrics.
- This indicator is widely used by central banks, governments, and private analysts.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the annual percentage change in an economic indicator, providing insight into long-term growth and trends.
Q: Why is this trend relevant for users or analysts?
A: This metric enables analysts to identify sustained shifts in the underlying economic indicator beyond short-term fluctuations, informing forecasting and decision-making.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current value to the value from the same period one year prior.
Q: How is this trend used in economic policy?
A: Policymakers and investors closely monitor these annual growth rates to inform economic forecasting and decision-making.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insight into year-over-year economic trends.
Similar IPUPN562L Trends
Labor Productivity for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) in the United States
IPUPN56151L000000000
Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 561720) in the United States
IPUPN561720T300000000
Hourly Compensation for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States
IPUPN561510U120000000
Hours Worked for Administrative and Support and Waste Management and Remediation Services: Office Administrative Services (NAICS 561110) in the United States
IPUPN561110L201000000
Hours Worked for Administrative and Support and Waste Management and Remediation Services: Waste Management and Remediation Services (NAICS 562) in the United States
IPUPN562L010000000
Hours Worked for Administrative and Support and Waste Management and Remediation Services: Services to Buildings and Dwellings (NAICS 5617) in the United States
IPUPN5617L010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUPN562L201000000), retrieved from FRED.