Hours Worked for Arts, Entertainment, and Recreation: Amusement and Theme Parks (NAICS 713110) in the United States
Percent Change from Year Ago
IPUSN713110L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.20
Year-over-Year Change
-15.29%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago metric measures the year-over-year change in a given economic indicator, providing insights into broader trends and growth patterns.
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 is widely used by economists and policymakers to analyze the pace of economic growth and identify inflationary or recessionary pressures. It offers a standardized way to compare a current value with the corresponding period from the previous year.
Methodology
The data is calculated by the U.S. Federal Reserve using underlying source data.
Historical Context
Percent Change from Year Ago is a key input for monitoring the overall health of the U.S. economy and guiding fiscal and monetary policy decisions.
Key Facts
- The metric is reported on a monthly basis.
- Percent Change from Year Ago can signal economic expansions or contractions.
- The data is a widely followed indicator of the business cycle.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago metric measures the year-over-year change in a given economic indicator, providing insights into broader growth trends.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key input for monitoring the overall health of the U.S. economy and guiding fiscal and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using underlying source data.
Q: How is this trend used in economic policy?
A: Percent Change from Year Ago is a widely followed indicator used by economists and policymakers to analyze the pace of economic growth and identify inflationary or recessionary pressures.
Q: Are there update delays or limitations?
A: The metric is reported on a monthly basis, with a typical update delay of several weeks.
Related Trends
Employment for Arts, Entertainment, and Recreation: Amusement Parks and Arcades (NAICS 7131) in the United States
IPUSN7131W200000000
Unit Labor Costs for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 71395) in the United States
IPUSN71395U101000000
Output per Worker for Arts, Entertainment, and Recreation: Gambling Industries (NAICS 7132) in the United States
IPUSN7132W001000000
Real Sectoral Output for Arts, Entertainment, and Recreation: Amusement and Theme Parks (NAICS 71311) in the United States
IPUSN71311T011000000
Hours Worked for Arts, Entertainment, and Recreation: Amusements, Gambling, and Recreation (NAICS 713) in the United States
IPUSN713L200000000
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 (IPUSN713110L201000000), retrieved from FRED.