Output per Worker for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States
Percent Change from Year Ago
IPUUN812310W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-10.60
Year-over-Year Change
-762.50%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year percent change in a specified economic indicator. This key measure helps economists and policymakers assess economic growth and inflationary pressures.
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
The 'Percent Change from Year Ago' measures the percent change in a given economic variable between the current period and the same period one year prior. This provides valuable context on the rate and direction of economic trends compared to the prior year.
Methodology
The percent change is calculated by the U.S. Federal Reserve using the formula ((Current Period Value - Prior Year Period Value) / Prior Year Period Value) x 100.
Historical Context
This trend is widely used by economists, analysts, and policymakers to monitor inflation, consumer demand, industrial production, and other macroeconomic conditions.
Key Facts
- The percent change is annualized, comparing the current period to the same period one year prior.
- This metric can signal acceleration or deceleration in economic activity.
- The Federal Reserve closely monitors year-over-year trends to guide monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the year-over-year percent change in a specified economic indicator, such as industrial production or consumer prices.
Q: Why is this trend relevant for users or analysts?
A: This key measure helps economists and policymakers assess the pace and direction of economic growth and inflationary pressures compared to the prior year.
Q: How is this data collected or calculated?
A: The percent change is calculated by the U.S. Federal Reserve using the formula ((Current Period Value - Prior Year Period Value) / Prior Year Period Value) x 100.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors year-over-year trends in this metric to guide monetary policy decisions aimed at promoting stable prices and maximum employment.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with minimal publication delays, providing timely insights on the economic landscape.
Related Trends
Sectoral Output Price Deflator for Other Services (Except Public Administration): Hair, Nail, and Skin Care Services (NAICS 81211) in the United States
IPUUN81211T051000000
Real Sectoral Output for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States
IPUUN81232T011000000
Output per Worker for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
IPUUN81142W001000000
Labor Compensation for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States
IPUUN81292L020000000
Hours Worked for Other Services (Except Public Administration): Commercial Machinery Repair and Maintenance (NAICS 8113) in the United States
IPUUN8113L201000000
Employment for Other Services (Except Public Administration): Electronic and Precision Equipment Repair and Maintenance (NAICS 8112) in the United States
IPUUN8112W200000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN812310W001000000), retrieved from FRED.