Employment for Educational Services: Colleges, Universities, and Professional Schools (NAICS 61131) in the United States
Percent Change from Year Ago
IPUQN61131W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
-48.48%
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 long-term trends and the health of the broader economy.
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 percent change in a given economic variable compared to the same period one year prior. It is a widely used statistic that helps analysts and policymakers understand the pace and direction of economic growth or decline over time.
Methodology
The percent change is calculated by the U.S. Federal Reserve based on the underlying economic data.
Historical Context
This metric is closely monitored by economists, investors, and policymakers to assess economic performance and guide decision-making.
Key Facts
- The 'Percent Change from Year Ago' metric can signal economic expansion or contraction.
- This statistic is commonly used to track inflation, consumer spending, industrial production, and other key economic variables.
- Year-over-year comparisons help smooth out seasonal fluctuations in the data.
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, providing insight into long-term trends.
Q: Why is this trend relevant for users or analysts?
A: This widely used statistic helps analysts and policymakers understand the pace and direction of economic growth or decline over time, which is crucial for informed decision-making.
Q: How is this data collected or calculated?
A: The percent change is calculated by the U.S. Federal Reserve based on the underlying economic data.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economists, investors, and policymakers to assess economic performance and guide decision-making.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and limitations of the underlying economic indicator.
Related Trends
Employment for Educational Services: Junior Colleges (NAICS 611210) in the United States
IPUQN611210W010000000
Hours Worked for Educational Services: Educational Support Services (NAICS 61171) in the United States
IPUQN61171L010000000
Hours Worked for Educational Services: Other Schools and Instruction (NAICS 6116) in the United States
IPUQN6116L010000000
Hours Worked for Educational Services: Colleges, Universities, and Professional Schools (NAICS 6113) in the United States
IPUQN6113L200000000
Hours Worked for Educational Services: Elementary and Secondary Schools (NAICS 6111) in the United States
IPUQN6111L200000000
Hours Worked for Educational Services: Educational Support Services (NAICS 6117) in the United States
IPUQN6117L010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUQN61131W201000000), retrieved from FRED.