Unit Labor Costs for Other Services (Except Public Administration): Personal Care Services (NAICS 8121) in the United States
Percent Change from Year Ago
IPUUN8121U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.80
Year-over-Year Change
-700.00%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' measures the annual percent change in an economic indicator, providing insight into broader economic trends and performance.
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 compares the current value of an economic indicator to its value from the same period a year earlier, expressing the difference as a percentage. It is a widely used tool for analyzing economic growth, inflation, and other key macroeconomic factors.
Methodology
The data is calculated by the U.S. Federal Reserve by comparing the current month's value to the same month's value from the previous year.
Historical Context
Policymakers and analysts closely monitor year-over-year percent changes to gauge the momentum and direction of the economy.
Key Facts
- The metric can signal economic expansion or contraction.
- Year-over-year data helps control for seasonal fluctuations.
- Percent changes are widely reported in economic indicators.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percent change in an economic indicator, providing insight into broader economic trends and performance.
Q: Why is this trend relevant for users or analysts?
A: This metric is a widely used tool for analyzing economic growth, inflation, and other key macroeconomic factors, helping policymakers and analysts gauge the momentum and direction of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve by comparing the current month's value to the same month's value from the previous year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor year-over-year percent changes to gauge the momentum and direction of the economy, which informs their decision-making and policy responses.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a short publication delay, and can be subject to revisions as more complete information becomes available.
Related Trends
Output per Worker for Other Services (Except Public Administration): Linen and Uniform Supply (NAICS 81233) in the United States
IPUUN81233W001000000
Hours Worked for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 812210) in the United States
IPUUN812210L200000000
Employment for Other Services (Except Public Administration): Civic and Social Organizations (NAICS 813410) in the United States
IPUUN813410W200000000
Hours Worked for Other Services (Except Public Administration): Household Goods Repair and Maintenance (NAICS 8114) in the United States
IPUUN8114L010000000
Real Sectoral Output for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States
IPUUN81231T011000000
Hours Worked for Other Services (Except Public Administration): Electronic and Precision Equipment Repair and Maintenance (NAICS 81121) in the United States
IPUUN81121L010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN8121U101000000), retrieved from FRED.