Employment for Educational Services: Educational Services (NAICS 611) in the United States
Percent Change from Year Ago
IPUQN611W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.90
Year-over-Year Change
52.63%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the annual change in a given economic indicator, providing insight into longer-term trends and helping economists and policymakers assess economic performance.
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 metric calculates the percent change in a specified economic indicator compared to the same period a year earlier. It is a valuable tool for analyzing broader shifts in the economy, as it smooths out short-term fluctuations and seasonal patterns.
Methodology
The data is calculated by the U.S. Federal Reserve based on official government and industry statistics.
Historical Context
Policymakers and analysts closely monitor this metric to gauge the overall health and trajectory of the U.S. economy.
Key Facts
- The metric is calculated as the percent change between a current period and the same period a year earlier.
- It helps identify persistent shifts in economic conditions beyond short-term volatility.
- Percent change from a year ago is a widely used indicator of long-term economic performance.
FAQs
Q: What does this economic trend measure?
A: This metric measures the percent change in a given economic indicator compared to the same period a year earlier, providing insight into longer-term trends and shifts in the economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is highly relevant for economists, policymakers, and market analysts as it helps identify persistent changes in economic conditions beyond short-term fluctuations, supporting assessments of the overall health and trajectory of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on official government and industry statistics.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this metric to gauge the overall performance of the U.S. economy and inform their policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedules and revision cycles of the underlying source statistics, which may result in occasional update delays or changes to previously reported figures.
Related Trends
Employment for Educational Services: Business, Computer, and Management Training (NAICS 6114) in the United States
IPUQN6114W010000000
Employment for Educational Services: Other Schools and Instruction (NAICS 6116) in the United States
IPUQN6116W010000000
Hours Worked for Educational Services: Colleges, Universities, and Professional Schools (NAICS 61131) in the United States
IPUQN61131L010000000
Hours Worked for Educational Services: Educational Support Services (NAICS 61171) in the United States
IPUQN61171L010000000
Hours Worked for Educational Services: Elementary and Secondary Schools (NAICS 6111) in the United States
IPUQN6111L200000000
Hours Worked for Educational Services: Junior Colleges (NAICS 61121) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUQN611W201000000), retrieved from FRED.