Hourly Compensation for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 812320) in the United States
Percent Change from Year Ago
IPUUN812320U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.20
Year-over-Year Change
-38.89%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual rate of change in a given economic indicator. It is a key metric used by economists and policymakers to analyze 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 series tracks the year-over-year percent change in a specific economic variable, providing insight into the pace and direction of economic activity. It is commonly used to identify growth patterns, inflationary pressures, and other macroeconomic shifts.
Methodology
The percent change is calculated by comparing the current value of the indicator to its value from the same period one year prior.
Historical Context
This metric informs decision-making by central banks, government agencies, and market participants.
Key Facts
- The 'Percent Change from Year Ago' is a widely-used economic indicator.
- It measures the annual rate of change in a specific economic variable.
- Policymakers closely monitor this metric to assess the health of the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual rate of change in a specific economic indicator, such as output, prices, or employment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the pace and direction of economic activity, informing decision-making by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current value of the indicator to its value from the same period one year prior.
Q: How is this trend used in economic policy?
A: Central banks, government agencies, and market participants closely monitor this metric to assess economic performance and guide policy decisions.
Q: Are there update delays or limitations?
A: The timeliness and availability of the 'Percent Change from Year Ago' data may vary depending on the specific economic indicator being measured.
Related Trends
Hours Worked for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States
IPUUN812310L200000000
Real Sectoral Output for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States
IPUUN81231T011000000
Labor Compensation for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
IPUUN81142U110000000
Hourly Compensation for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 812210) in the United States
IPUUN812210U120000000
Labor Productivity for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
IPUUN81142L001000000
Employment for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
IPUUN81142W010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN812320U121000000), retrieved from FRED.