Hours Worked for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States
Percent Change from Year Ago
IPUUN81232L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.30
Year-over-Year Change
-208.16%
Date Range
1/1/1988 - 1/1/2024
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 value one year prior, expressed as a percentage change. It is a widely used indicator that helps economists and policymakers assess the trajectory of the economy.
Methodology
The percent change is calculated by the U.S. Federal Reserve using standard statistical methods.
Historical Context
Policymakers and analysts closely monitor this trend to inform economic and monetary policy decisions.
Key Facts
- The percent change from year ago is reported monthly for various economic variables.
- Positive values indicate economic expansion, while negative values signal contraction.
- This metric is a leading indicator used to predict future economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percent change in an economic variable, such as industrial production, gross domestic product, or consumer prices.
Q: Why is this trend relevant for users or analysts?
A: This metric is a widely used indicator that helps economists and policymakers assess the trajectory of the economy and make informed decisions about economic and monetary policies.
Q: How is this data collected or calculated?
A: The percent change is calculated by the U.S. Federal Reserve using standard statistical methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to inform economic and monetary policy decisions, as it provides insights into the pace of economic growth or decline.
Q: Are there update delays or limitations?
A: The percent change from year ago is reported monthly, with minimal update delays, making it a timely indicator of economic conditions.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81232L201000000), retrieved from FRED.