Employment for Arts, Entertainment, and Recreation: Spectator Sports (NAICS 71121) in the United States
Percent Change from Year Ago
IPUSN71121W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.50
Year-over-Year Change
2400.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year percent change in a specific economic indicator, providing insight into the pace of economic growth or decline.
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 data series measures the percent change in a variable compared to the same period one year prior, a key metric for analyzing economic trends and assessing the health of the broader economy.
Methodology
The percent change is calculated by comparing the current value to the value from the same period in the previous year.
Historical Context
This data is widely used by economists, policymakers, and market analysts to gauge the trajectory of the economy.
Key Facts
- The percent change can be positive or negative, indicating expansion or contraction.
- Year-over-year comparisons help smooth out seasonal fluctuations in the data.
- This metric is a leading indicator of the overall economic climate.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the year-over-year percent change in industrial production, providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The percent change from a year ago is a key economic indicator used by policymakers, economists, and investors to assess the strength and direction of the broader economy.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current month's industrial production index value to the value from the same month in the previous year.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor year-over-year production changes to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical lag of about one month between the reference period and the publication date.
Related Trends
Employment for Arts, Entertainment, and Recreation: Fitness and Recreational Sports Centers (NAICS 71394) in the United States
IPUSN71394W010000000
Real Sectoral Output for Arts, Entertainment, and Recreation: Golf Courses and Country Clubs (NAICS 713910) in the United States
IPUSN713910T011000000
Labor Productivity for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 71395) in the United States
IPUSN71395L000000000
Hours Worked for Arts, Entertainment, and Recreation: Fitness and Recreational Sports Centers (NAICS 71394) in the United States
IPUSN71394L200000000
Sectoral Output for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 713950) in the United States
IPUSN713950T300000000
Hours Worked for Arts, Entertainment, and Recreation: Fitness and Recreational Sports Centers (NAICS 713940) in the United States
IPUSN713940L201000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUSN71121W201000000), retrieved from FRED.