Hours Worked for Arts, Entertainment, and Recreation: Independent Artists, Writers, and Performers (NAICS 71151) in the United States
Percent Change from Year Ago
IPUSN71151L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.40
Year-over-Year Change
131.58%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend tracks the year-over-year change in a given 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 measure compares the current value of an economic indicator to its value one year prior, expressed as a percentage change. It is a widely used tool for analyzing economic performance and identifying underlying trends.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic metrics.
Historical Context
Policymakers and analysts rely on this trend to assess the health and trajectory of the economy.
Key Facts
- The 'Percent Change from Year Ago' is a leading economic indicator.
- It helps identify turning points in the business cycle.
- Negative values indicate an economic contraction.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the year-over-year change in a given economic indicator, providing insight into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This measure is widely used by policymakers and analysts to assess the health and trajectory of the economy, as it helps identify turning points in the business cycle.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic metrics.
Q: How is this trend used in economic policy?
A: Policymakers rely on this trend to gauge the effectiveness of their policies and make informed decisions about future economic interventions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, with minimal delays, providing timely insights into economic performance.
Related Trends
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Sectoral Output for Arts, Entertainment, and Recreation: Amusement and Theme Parks (NAICS 71311) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUSN71151L201000000), retrieved from FRED.