Unit Labor Costs for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States
Percent Change from Year Ago
IPUUN81231U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.80
Year-over-Year Change
-479.41%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' trend measures the annual percent change in an economic indicator, providing insights 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 metric compares the current value of an economic variable to its level one year prior, expressed as a percentage change. It is a widely used tool for analyzing economic performance and trends over time.
Methodology
The percent change is calculated by taking the difference between the current and prior year values, divided by the prior year value.
Historical Context
Policymakers and analysts monitor this metric to assess the overall health and trajectory of the economy.
Key Facts
- The percent change from year ago can be positive or negative.
- It is a useful metric for comparing economic performance across different time periods.
- Analyzing this trend can help identify turning points in the business cycle.
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 insights into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers and analysts to assess the overall health and trajectory of the economy, as it helps identify turning points in the business cycle.
Q: How is this data collected or calculated?
A: The percent change is calculated by taking the difference between the current and prior year values, divided by the prior year value.
Q: How is this trend used in economic policy?
A: Policymakers monitor this metric to evaluate the performance of the economy and make informed decisions on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is typically released on a regular schedule, but there may be occasional delays or revisions depending on the source.
Related Trends
Hourly Compensation for Other Services (Except Public Administration): Hair, Nail, and Skin Care Services (NAICS 81211) in the United States
IPUUN81211U120000000
Unit Labor Costs for Other Services (Except Public Administration): Personal Care Services (NAICS 8121) in the United States
IPUUN8121U100000000
Hourly Compensation for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
IPUUN81142U120000000
Sectoral Output Price Deflator for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States
IPUUN812310T050000000
Output per Worker for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
IPUUN81142W000000000
Sectoral Output for Other Services (Except Public Administration): Drycleaning and Laundry Services (NAICS 8123) in the United States
IPUUN8123T300000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81231U101000000), retrieved from FRED.