Employment for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) in the United States
Percent Change from Year Ago
IPUUN811420W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-9.30
Year-over-Year Change
-183.04%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' indicator measures the year-over-year change in an economic metric, providing insights into trends and growth over time.
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 a key statistic used by economists and policymakers to analyze economic performance and monitor changes in factors like production, consumption, and inflation. It offers a standardized way to compare data points across different time periods.
Methodology
The percent change is calculated by taking the current value and subtracting the value from one year ago, then dividing by the year-ago value.
Historical Context
This trend is widely referenced in economic reporting and decision-making to understand the pace of economic expansion or contraction.
Key Facts
- Measures the year-on-year change in an economic indicator
- Provides insights into the pace of economic expansion or contraction
- Used extensively by economists and policymakers
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' indicator measures the year-over-year change in an economic metric, such as production, consumption, or inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze economic performance and monitor changes over time, offering a standardized way to compare data across different periods.
Q: How is this data collected or calculated?
A: The percent change is calculated by taking the current value and subtracting the value from one year ago, then dividing by the year-ago value.
Q: How is this trend used in economic policy?
A: This trend is extensively referenced in economic reporting and decision-making to understand the pace of economic expansion or contraction, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data for this trend is typically released on a regular schedule, with some potential for minor delays in publication.
Related Trends
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IPUUN8121W010000000
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IPUUN812320W001000000
Sectoral Output for Other Services (Except Public Administration): Linen and Uniform Supply (NAICS 81233) in the United States
IPUUN81233T301000000
Labor Productivity for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States
IPUUN81292L000000000
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IPUUN812310U120000000
Hourly Compensation for Other Services (Except Public Administration): Drycleaning and Laundry Services (NAICS 8123) in the United States
IPUUN8123U121000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN811420W201000000), retrieved from FRED.