Hourly Compensation for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States
Percent Change from Year Ago
IPUUN812310U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.60
Year-over-Year Change
-866.67%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in an economic indicator, providing insight into the pace of economic growth or decline.
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 trend calculates the percent change in a variable compared to the same period one year prior. It is widely used by economists and policymakers to analyze economic momentum and identify turning points in the business cycle.
Methodology
The data is calculated based on the change between the current value and the value from the same period in the previous year.
Historical Context
Percent change from year ago is a key indicator monitored by the Federal Reserve and other economic authorities to inform monetary and fiscal policy decisions.
Key Facts
- Year-over-year percent change highlights economic acceleration or deceleration.
- The metric adjusts for seasonal variations in data.
- Percent change from a year ago is a leading indicator of economic conditions.
FAQs
Q: What does this economic trend measure?
A: This metric measures the percent change in an economic indicator compared to the same period one year prior, providing insight into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: Percent change from year ago is a widely used indicator that helps economists and policymakers analyze economic momentum and identify turning points in the business cycle.
Q: How is this data collected or calculated?
A: The percent change from year ago is calculated based on the change between the current value and the value from the same period in the previous year.
Q: How is this trend used in economic policy?
A: Percent change from year ago is a key indicator monitored by the Federal Reserve and other economic authorities to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly or quarterly basis, with some potential for delays in reporting.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN812310U121000000), retrieved from FRED.