Hours Worked for Other Services (Except Public Administration): Commercial Machinery Repair and Maintenance (NAICS 811310) in the United States
Percent Change from Year Ago
IPUUN811310L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
50.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual percent change in a specific economic indicator. This metric is widely used by economists and policymakers to analyze economic performance and guide policy decisions.
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 tracks the year-over-year percent change for a given indicator, such as industrial production or consumer prices. The percent change from a year earlier helps identify underlying trends and evaluate the strength of the economy.
Methodology
The percent change is calculated by comparing the current month's value to the corresponding month from one year prior.
Historical Context
Policymakers and analysts closely monitor year-over-year changes to understand the pace of economic growth and make informed decisions.
Key Facts
- Annual percent change is a widely-used economic metric.
- Year-over-year comparisons help identify underlying trends.
- This data informs policymakers and analysts on the pace of growth.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the annual percent change in a specific economic indicator, such as industrial production or consumer prices.
Q: Why is this trend relevant for users or analysts?
A: This metric helps economists and policymakers analyze economic performance and identify underlying growth trends to guide policy decisions.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current month's value to the corresponding month from one year prior.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor year-over-year changes to understand the pace of economic growth and make informed policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delay, providing timely insights on economic trends.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN811310L201000000), retrieved from FRED.