Employment for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
Percent Change from Year Ago
IPUUN81142W201000000 • 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' metric measures the annual percent change in a given economic indicator, providing insights into long-term trends and growth rates.
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 in a variety of economic indicators, such as industrial production, employment, and consumer prices. It is a key metric used by economists and policymakers to assess the strength and direction of the economy.
Methodology
The data is calculated by the U.S. Federal Reserve as the percent change between the current value and the value from the same period one year prior.
Historical Context
Policymakers and analysts closely monitor year-over-year changes to inform decisions on monetary policy, fiscal stimulus, and other economic interventions.
Key Facts
- The metric is expressed as a percentage change.
- It is published monthly by the U.S. Federal Reserve.
- Year-over-year changes help identify long-term economic trends.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the annual percent change in a given economic indicator, such as industrial production or consumer prices.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator used by economists and policymakers to assess the long-term strength and direction of the economy, informing decisions on monetary policy, fiscal stimulus, and other interventions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve as the percent change between the current value and the value from the same period one year prior.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor year-over-year changes in economic indicators to inform decisions on monetary policy, fiscal stimulus, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve with minimal delays, providing timely insights into long-term economic trends.
Related Trends
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IPUUN8141L010000000
Sectoral Output for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81142W201000000), retrieved from FRED.