Output per Worker for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) in the United States
Percent Change from Year Ago
IPUUN81221W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.10
Year-over-Year Change
-362.50%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year percent change in a specific economic indicator, providing insights into economic growth 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 variable to its value from the same period a year earlier, expressed as a percentage change. It is a widely used tool for analyzing trends and assessing the health of the economy over time.
Methodology
The data is collected by the U.S. Federal Reserve through regular economic surveys and measurements.
Historical Context
Policymakers and analysts closely monitor this trend to inform decisions and forecasts regarding monetary policy, consumer behavior, and overall economic conditions.
Key Facts
- The 'Percent Change from Year Ago' trend is a widely used economic indicator.
- It helps analysts and policymakers understand the pace of economic growth or decline.
- This metric is calculated by the U.S. Federal Reserve as part of their regular economic data collection.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the year-over-year percent change in a specific economic indicator, providing insights into economic growth and performance.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and analysts to assess the health and direction of the economy over time, informing decisions and forecasts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through regular economic surveys and measurements.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to inform decisions and forecasts regarding monetary policy, consumer behavior, and overall economic conditions.
Q: Are there update delays or limitations?
A: The 'Percent Change from Year Ago' data is updated regularly by the Federal Reserve, with minimal delays, providing timely insights into economic trends.
Related Trends
Output per Worker for Other Services (Except Public Administration): Linen and Uniform Supply (NAICS 81233) in the United States
IPUUN81233W001000000
Sectoral Output for Other Services (Except Public Administration): Automotive Repair and Maintenance (NAICS 8111) in the United States
IPUUN8111T301000000
Labor Productivity for Other Services (Except Public Administration): Personal Care Services (NAICS 8121) in the United States
IPUUN8121L001000000
Hourly Compensation for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) in the United States
IPUUN811420U120000000
Sectoral Output for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States
IPUUN81231T301000000
Hourly Compensation for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 812210) in the United States
IPUUN812210U120000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81221W001000000), retrieved from FRED.